Qualcomm announced that a binding interim arbitration award requires it to refund $814.9 million plus interest and attorneys’ fees to BlackBerry related to royalties for certain past sales of subscriber units.
“The parties had agreed to arbitrate a contract dispute relating to one specific issue: whether Qualcomm’s voluntary per unit royalty cap program applied to BlackBerry’s non-refundable prepayments of royalties for sales of a specified number of subscriber units from 2010 through the end of 2015,” said Qualcomm.
“While Qualcomm does not agree with the decision, it is binding and not appealable.
“The arbitration decision was limited to prepayment provisions unique to BlackBerry’s license agreement with Qualcomm and has no impact on agreements with any other licensee.”
BlackBerry said a final award including interest and reasonable attorneys’ fees will be issued after a hearing on May 30, 2017.
BlackBerry CEO John Chen said: “BlackBerry and Qualcomm have a longstanding relationship and continue to be valued technology partners.
“We are pleased the arbitration panel ruled in our favor and look forward to collaborating with Qualcomm in security for ASICs and solutions for the automotive industry.”