Apple accuses Qualcomm of employing extortion, price-gouging and other monopolistic practices-- and as a result the iPhone maker is filing a $1 billion lawsuit against the semiconductor giant.
The lawsuit is filed in US District Court for the Southern district of California, and claims Qualcomm overcharges for chips and refuses to pay $1bn in promised rebates on "exclusivity or de facto exclusivity from Apple." It adds Qualcomm withheld the rebates because Apple is in discussions with the S. Korean antitrust regulator, the Korea Fair Trade Commission.
"If that were not enough, Qualcomm then attempted to extort Apple into changing its responses and providing false information to the KFTC in exchange for Qualcomm's release of those payments to Apple. Apple refused," the lawsuit reads.