Like Qualcomm's disputes with regulators, the company's legal battle with Apple is complex and could take time to unfold. That could pave the way for a stronger Apple-Intel partnership.
The dispute follows on the heels of a suit filed by the FTC, and an $853 million fine levied on Qualcomm by South Korea's antitrust authority. Shares fell 2.4%.
Executive Chairman Paul Jacobs took a jab at the Federal Trade Commission's antitrust lawsuit at the World Economic Forum in Davos on Thursday.