The two companies have just announced a settlement, with both agreeing to drop all litigation with the other worldwide.
Exact details of the agreement are under wraps, with the two companies only disclosing:
- A payment (amount undisclosed) is being made from Apple to Qualcomm
- The two companies are establishing a six-year licensing agreement (with the option to extend by up to two years), and a “multiyear” chipset supply agreement
Qualcomm stock spiked by about 18% with the news.
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