In a standoff that has been brewing since 2017, Apple argued that Qualcomm was charging an excessive amount of for patent licensing. After Apple shifted to utilizing Intel chips, Qualcomm moved to get iPhone imports banned in international locations all over the world for patent infringement.
The 2 corporations have just announced a settlement, with each agreeing to drop all litigation with the opposite worldwide.
Actual particulars of the settlement are beneath wraps, with the 2 corporations solely disclosing:
- A fee (quantity undisclosed) is being created from Apple to Qualcomm
- The 2 corporations are establishing a six-year licensing settlement (with the choice to increase by as much as two years), and a “multiyear” chipset provide settlement
Qualcomm inventory spiked by about 18% with the information.