SHANGHAI: Apple has rejected as “meritless” a legal move by Qualcomm to ban iPhone sales in China, the latest salvo in a bitter patent battle between the two US tech giants.
Bloomberg News reported on Saturday that Qualcomm had filed a lawsuit in Beijing seeking a ban on the assembly and sale of iPhones in China — a vital Apple manufacturing base and sales market.
The two California companies are fighting over Apple’s claims that Qualcomm is abusing its market power over certain mobile chipsets in order to demand unfair royalties.
Apple filed a US lawsuit to that effect in January and has joined efforts in other countries where Qualcomm faces probes from antitrust authorities.
Qualcomm has countersued Apple for the royalties.
In response to Qualcomm’s Beijing suit, Apple said in a statement: “This claim is meritless and, like their other courtroom maneuvers, we believe this latest legal effort will fail.”
AFP was not immediately able to obtain a copy of Qualcomm’s complaint.
Bloomberg reported it was filed on September 29 in an intellectual-property court, and said the suit was confirmed by a Qualcomm spokeswoman.
It remains unclear how much chance Qualcomm’s case has in China, where huge numbers of workers are employed in the manufacture of iPhones.
The Qualcomm patents cover power management and a touch-screen technology called Force Touch that Apple uses in current iPhones, Bloomberg reported, quoting Qualcomm.
Apple dismissed Qualcomm’s claims.
“In our many years of ongoing negotiations with Qualcomm, these patents have never been discussed and in fact were only granted in the last few months,” Apple’s statement said.
Apple slams Qualcomm suit seeking iPhone ban in China
Apple slams Qualcomm suit seeking iPhone ban in China
ITFC tops the global rankings in Islamic crowdfunding deals for 2025
RIYADH: The International Islamic Trade Finance Corp., a member of the Islamic Development Bank Group, has topped the global rankings as the best Bookrunner and Mandated Lead Arranger in the 2025 Islamic syndicated finance deal rankings issued by Bloomberg and the London Stock Exchange Group Data & Analytics, achieving its continued leadership for the fifth consecutive year.
The Bloomberg ranking reflects the corporation’s ability to structure and lead syndicated trade finance deals, as well as its success in attracting a broad and diverse investor base globally.
The LSEG Data & Analytics ranking confirms the entity’s established leadership position and high credibility in international financial markets.
This dual recognition embodies the pivotal role the ITFC plays in mobilizing investments from private and public institutions worldwide to finance member countries of the Organization of Islamic Cooperation, while providing Islamic trade finance solutions that meet client needs and align with its development mission.
On this occasion, the CEO of ITFC Adeeb Al-Aama said: “The institution’s leading position in the global rankings of Islamic crowdfunding deals in Bloomberg’s tables and the LSEG Data & Analytics for 2025 reflects the strength and credibility of the crowdfunding platform through which the institution operates, its consistent performance, and its broad global presence.This achievement also confirms the international financial community’s confidence in the institution’s ability to innovate and lead high-quality Islamic finance deals.”
It is worth noting that the Islamic crowdfunding deals ranking tables issued by Bloomberg and the LSEG Data & Analytics are based on comprehensive market transaction data and are considered a primary reference for financial institutions worldwide through the Bloomberg and LSEG Data and Analytics platforms and systems.
