Qualcomm and Apple today announced an agreement to dismiss all litigation between the two companies worldwide.
The settlement includes a payment from Apple to Qualcomm.
The companies also have 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.
Source: Apple Inc.
MacDailyNews Take: Ta da!
All along, this has been a dance over royalties, with Apple seeking more amenable terms to Qualcomm’s highway robbery to date. We expect a settlement as well, eventually (once Qualcomm is sufficiently worn down) – a settlement that benefits Apple vs. the old agreement.
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