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June 29, 2012 01:47 am EDT

Qualcomm restructures itself for summer, R&D division becomes wholly owned subsidiary

Qualcomm restructures itself for summer, R&D division becomes wholly owned subsidiary

You know all those lawsuits swirling about in the tech industry? Yeah... Qualcomm is looking to avoid some of the weighty implications of courtroom battles with an air gap strategy that will restructure its R&D division into a new, wholly owned subsidiary known as Qualcomm Technologies, Inc. (QTI). While the parent company will retain the company's existing patent portfolio, QTI will be responsible for product development and the existing semiconductor business. Interestingly enough, it's also said that the subsidiary will ramp up its use of open source software, and it'll strive to avoid the patents of parent company, Qualcomm. It's also said that the restructuring will help the business bring its products to market more quickly, and if the company is able to avoid just one lawsuit / injunction, it may be very correct with that assertion.

Continue reading Qualcomm restructures itself for summer, R&D division becomes wholly owned subsidiary

Qualcomm restructures itself for summer, R&D division becomes wholly owned subsidiary originally appeared on Engadget on Thu, 28 Jun 2012 21:47:00 EDT. Please see our terms for use of feeds.

PermalinkReuters, Yahoo! Finance | sourceQualcomm ||Comments

Original Link: http://www.engadget.com/2012/06/28/qualcomm-restructuring/

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Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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