The bonuses further reinforce that Qualcomm believes the terms of the settlement were very favorable to it.
Qualcomm's executive team has received bonuses for settling a bitter multi-billion dollar legal battle with Apple, one of its top customers, the company said in an SEC filing on Friday.
The newly granted shares further reinforce that Qualcomm believes the terms of the settlement were favorable. Apple and Qualcomm had faced off in courts around the world over how much Qualcomm charges for the intellectual property inside of the chips that enable devices like the iPhone to connect to cellular networks.
The exact details of the settlement are confidential. The two companies said it includes a one-time payment from Apple to Qualcomm, an agreement for Apple to buy chips from Qualcomm, and a licensing agreement between the two companies for the next six to eight years.
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