(USATODAY)Blackberry Ltd. said Wednesday it has been awarded $814.9 million in an arbitration dispute with chipmaker Qualcomm.

The two companies entered arbitration in April 2016 over Blackberry's charge that it had overpaid royalties as part of a licensing agreement between the two companies. Blackberry argued that it had overpaid royalties to Qualcomm over sales of handsets from 2010 through the end of 2015.

A binding arbitration hearing was held in San Diego from Feb. 27, 2017 to March 3, 2017 and a final award including interest and reasonable attorneys' fees will be issued after a hearing on May 30.

"BlackBerry and Qualcomm have a longstanding relationship and continue to be valued technology partners," said Blackberry Executive Chairman and CEO John Chen in a statement. "We are pleased the arbitration panel ruled in our favor and look forward to collaborating with Qualcomm in security for ASICs (application-specific integrated circuit chips) and solutions for the automotive industry."

The two companies continue to work together on Blackberry's QNX vehicle software systems developed to handle car infotainment, connectivity and self-driving cars. Over the last year, the Canadian-based company has pivoted from making smartphones using its own operating system to developing secure operating systems for vehicles and other connected devices.

BlackBerry's QNX software is in more than 60 million connected cars today, the company says, and in December 2016, it opened an Innovation Centre for Connected and Autonomous Vehicles in Ottawa, Ontario, to spur its development of connected and self-driving cars.

The loss for Qualcomm comes just three months after the Federal Trade Commission charged the San Diego-based chip maker with using its dominant industry position to force "onerous and anticompetitive" terms on mobile phone makers. Subsequently, Apple sued Qualcomm for $1 billion, alleging the company overcharged for its chips.

Qualcomm has said it will "vigorously contest" the FTC complaint and that Apple's claims were "baseless."

The company said that it does not agree with the Blackberry arbitrationdecision, but "it is binding and not appealable," Qualcomm said in a statement. "The arbitration decision was limited to prepayment provisions unique to BlackBerry's license agreement with Qualcomm and has no impact on agreements with any other licensee."

Blackberry (BBRY) shares were up more than 17% to $9.05 in early trading Wednesday. That's the stock's highest opening share price since Jan. 5, 2016.

Qualcomm (QCOM) shares were down 2.8% to $53.80.
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