Qualcomm Puts Aside $1.5B in Funds Required to Enforce iPhone Sales Ban in Germany

Qualcomm today announced that it has posted €1.34 billion in security bonds required for the chipmaker to be able to enforce a preliminary injunction on select iPhone models in Germany, after a court in the country found Apple to be infringing Qualcomm patents related to power savings technology used in smartphones. Last month, a German court ordered Apple to cease the import and sale of all infringing iPhone models in Germany. Apple was also ordered to recall those iPhone models from third-party resellers in Germany, according to Qualcomm.
Read more: https://www.macrumors.com/2019/01/03/qualcomm-posts-bonds-for-german-iphone-ban?source=Snapzu