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Apple and Qualcomm Settle All Disputes Worldwide

Category: Science & Tech,Technology

For the past few years, Apple and Qualcomm have dueled on three continents over the division of billions of dollars of smartphone profits and even how much consumers pay for their phones.

On Tuesday, just as a trial had begun in a federal courtroom in San Diego over a suit Apple had filed against Qualcomm, the two companies said they had essentially made up.

The companies, one the maker of iPhones and the other one of the largest providers of mobile chips, said they had agreed to dismiss all litigation between them worldwide. They added that they had reached a six-year license agreement, effective as of April 1, 2019, including a two-year option to extend, and a multiyear chipset supply agreement.

Shares of Qualcomm rose 22 percent on Tuesday afternoon. Apple was slightly higher.

[This story is developing and will be updated.]

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