Apple sues Qualcomm, alleging extortion
Cupertino, Calif.-based Apple Inc. is suing tech giant Qualcomm, alleging that the San Diego-based chipmaker unfairly insisted on charging huge royalties for technologies that it has nothing to do with.
Confirming its legal action against Qualcomm on Friday, Apple said that hit was seeking $1 billion form the chipmaker in damages it suffered.
Apples said that it innovated with unique features like TouchID, advanced camera and displays, but Qualcomm insisted on charging it at least 5 times more in payments than other cellular patent licensors.
The iPhone-maker said in a statement, "Qualcomm built its business on older, legacy, standards but reinforces its dominance through exclusionary tactics and excessive royalties … Qualcomm insists on charging Apple at least five times more in payments than all the other cellular patent licensors we have agreements with combined."
The smartphone-maker also alleged that Qualcomm retaliated for cooperating with a South Korean probe against the chipmaker. It may be noted here that South Korea last month fined Qualcomm around $890 million for pursuing "monopolistic" tactics.
Apple's suit against Qualcomm comes days after the U. S. Federal Trade Commission (FTC) sued the chipmaker for antitrust violations. In both cases, Qualcomm agreed that it did nothing wrong, and it would aggressively defend its business in a federal court.
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