Qualcomm Inc will invest Rs 730 crore in Jio Platforms in exchange for a 0.15 percent stake.
Qualcomm has been fighting to have the ruling put on hold while it pursues an appeal, which could take more than year.
At an event in San Francisco, Qualcomm said it plans to begin testing its new Cloud AI 100 chip with partners such as Microsoft Corp later this year, with mass production likely to begin in 2020.
"On behalf of the Executive Team, I want to thank George for his dedicated service over the last six years at Qualcomm," Qualcomm Chief Executive Steve Mollenkopf told Reuters in a statement. "We all wish him well in his future endeavours."
In a separate but similar case, an administrative judge earlier recommended an import ban on some iPhones, siding with Qualcomm. But, unlike the second ruling, that finding is not binding and must be reviewed by the agency.
Qualcomm, the world's biggest maker of mobile chips, alleges in federal court in San Diego that Apple violated three of its patents, and is asking for tens of millions of dollars or more in damages.
Qualcomm is seeking the ban in hopes of dealing Apple a blow before the two begin a major trial in mid-April in San Diego over Qualcomm's patent licensing practices.
Qualcomm, the world's largest mobile chip supplier, is hoping the device will fuel the spread of 5G phones later this year and next year.
In an interview with CNBC, Tim Cook said there have not been any discussions to settle a licensing dispute between the companies.
The key feature of the Snapdragon 855 chip, launched at an event in Hawaii, is a so-called modem for phones to connect to 5G wireless data networks with mobile data speeds of up to 50 or 100 times faster than current 4G networks.
The commission said Qualcomm also agreed to bargain in good faith with other chip and phone makers in patent-licensing deals.
The meeting comes after Broadcom raised its cash-and-stock offer last week from $70 to $82 per share, and made other concessions, including offering to pay Qualcomm an $8 billion breakup fee should antitrust regulators block the deal.
The new complaints represent the latest development in a long-standing dispute and follows Apple's countersuit on Wednesday against Qualcomm, which alleged that Qualcomm's Snapdragon mobile phone chips infringed on Apple patents.
Qualcomm's board of directors could meet as early as Sunday to review the unsolicited acquisition offer and decide on its strategy, the sources said. The preparations for the board meeting indicate that Qualcomm is poised to rebuff the bid as insufficient as early as Monday, although it may decide to spend a few more days this week to prepare its full response to Broadcom, the sources added.
Qualcomm signed three non-binding memorandum of understanding (MOUs) to sell components over three years to phonemakers Xiaomi, OPPO and Vivo, the U.S. Department of State said in a statement on Thursday.
The move is the latest twist in the project overseen by Daniel Doctoroff, former chief executive of news and data provider Bloomberg LP and former deputy mayor of New York City. He now runs Sidewalk Labs, an urban development unit of Google parent Alphabet Inc . Doctoroff is chairman of a Sidewalk Labs subsidiary that is the top investor in the joint venture.
The change would affect iPhones released in the fall of 2018, but Apple could still change course before then, these people said. They declined to be identified because they were not authorized to discuss the matter with the media.
The chipmaker also reported a steep fall in third-quarter profit as Apple's contract manufacturers withheld royalties that they were expected to pay to Qualcomm.
In a request that would broaden its legal battle with Apple, San Diego-based Qualcomm said it will ask the U.S. ITC to ban imports of the infringing Apple devices. A related lawsuit was filed in federal court in California on Thursday to request monetary damages.
The combined company is expected to have annual revenue of more than USD 30 billion, the companies said.The combined company is expected to have annual revenue of more than USD 30 billion, the companies said.
AT&T Inc, Google parent Alphabet Inc, Apple Inc, Verizon Communications Inc and Comcast Corp are among members of the "Robocall Strike Force" that held its first meeting with the US Federal Communications Commission.
Cook made the pledge during a trip to China, at least his second in four months, as demand for Apple's iPhones has plummeted in the world's second-largest economy and the government remains wary about foreign technology.
Qualcomm officials in Beijing signed a strategic cooperation agreement with the government of Guizhou province and announced the Guizhou Huaxintong Semi-Conductor Technology Co Ltd, a joint venture with initial capital of 1.85 billion renminbi.
Wall Street says Intel Corp is the best suitor for Qualcomm Inc's chip unit, if the maker of Snapdragon mobile processors decides to break itself up.
Consumer electronics giant Apple Inc could also be vulnerable - 17 percent of the company's overall revenue last fiscal year came from China, and in the most recent quarter it sold more iPhones in the country than in the United States for the first time.