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BlackBerry, the former smartphone maker, was awarded $814.9m in an arbitration decision against Qualcomm over a dispute relating to royalty payments.
The two companies entered into arbitration talks in February about Qualcomm’s “agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement between the parties,” BlackBerry said in a statement on Wednesday.
The award for BlackBerry will be issued following a hearing on May 30.
“BlackBerry and Qualcomm have a longstanding relationship and continue to be valued technology partners,” said John Chen, BlackBerry’s chief executive.
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