Apple Inc (AAPL.O) is not in talks “at any level” to settle its wide-ranging legal dispute with mobile chip maker Qualcomm Inc (QCOM.O), according to a source familiar with the matter.
In the past, Apple used Qualcomm’s modem chips in its flagship iPhone models to help them connect to wireless data networks. But early last year, Apple sued Qualcomm in federal court in San Diego, alleging that the chip company’s practice of taking a cut of the selling price of phones as a patent license fee was illegal.
Qualcomm denied the claims and has alleged that Apple owes it $7 billion in unpaid royalties.
A source familiar with the situation said this week that there are no settlement talks between Apple and Qualcomm.
“There is absolutely no meaningful discussion taking place between us and Qualcomm, and there is no settlement in sight,” the person said. “We are gearing up for trial.”
Qualcomm did not immediately respond to a request for comment. See more...