Apple and Qualcomm have faced up to their mutual need. Apple can’t risk being stuck with second-rate chips, and Qualcomm has huge revenue at stake. rob_cyran
Qualcomm and Apple said on April 16 they had dismissed all litigation between the two firms worldwide. The settlement includes an undisclosed payment from Apple to Qualcomm. The two firms also reached a six-year licensing agreement, effective April 1, and a multi-year chipset agreement.
The two have traded legal claims since 2017 over how Qualcomm collects royalty payments on chips that help Apple’s devices, such as the iPhone, connect to wireless networks. Apple had been seeking up to $27 billion in damages, and Qualcomm had sought up to $15 billion.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 reasons why now is the best time to buy an Apple WatchThe Apple Watch is easily the most personal device Apple has ever created.
Read more »
Apple will reportedly invest $500 million or more in its upcoming Apple Arcade subscription serviceApple is willing to spend big to get Apple Arcade up and running, and analysts believe gaming subscriptions could bring more revenue than TV or news.
Read more »
Apple and Qualcomm are about to begin their massive, multi-billion dollar patent trialThe lawsuit in federal court revolves around the modem chips that connect devices like the iPhone or Apple Watch to wireless data networks.
Read more »
Apple and Qualcomm face off in epic courtroom dramaThe trial's outcome could affect how the spoils of innovation are distributed, upending the incentives and business models for companies that usher in new technologies.
Read more »
Apple, Qualcomm settle royalty dispute, and Qualcomm is spikingQualcomm and Apple have what ended a bitter legal battle.
Read more »
Apple and Qualcomm Agree to Drop All LitigationApple and Qualcomm reached a global patent license agreement and chipset supply agreement, ending a legal battle between the tech giants. The deal includes a payment from Apple to Qualcomm.
Read more »
Qualcomm stock surges as Apple agrees to settlementApple Inc. and Qualcomm Inc. agreed on Tuesday to drop all their lawsuits against each other worldwide. Qualcomm shares rallied 15% to $65.78 in recent...
Read more »
Fried chicken vs $13: Apple, Qualcomm explain claims to jury as trial opensApple Inc and Qualcomm Inc on Tuesday opened a complex trial with the iPhone mak...
Read more »
Apple and Qualcomm settle royalty disputeApple and Qualcomm on Tuesday settled their royalty dispute, reaching an agreement on global patent license and chipset supply.
Read more »