SAN DIEGO, Jan. 3, 2019 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has posted security bonds totaling €1.34 billion (Euros). The bonds are required for Qualcomm to be able to enforce the remedies ordered by the Court on December 20, 2018, after the Court found that Apple is infringing Qualcomm's patented power savings technology used in smartphones. Apple was ordered to cease the sale, offer for sale and importation for sale of all infringing iPhones in Germany. The Court also ordered Apple to recall infringing iPhones from third party resellers in Germany.
Qualcomm invents breakthrough technologies that transform how the world connects, computes and communicates. When we connected the phone to the Internet, the mobile revolution was born. Today, our inventions are the foundation for life-changing products, experiences, and industries. As we lead the world to 5G, we envision this next big change in cellular technology spurring a new era of intelligent, connected devices and enabling new opportunities in connected cars, remote delivery of health care services, and the IoT — including smart cities, smart homes, and wearables. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, the QCT semiconductor business. For more information, visit Qualcomm's website, OnQ blog, Twitter and Facebook pages.
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SOURCE Qualcomm Incorporated