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Apple and Qualcomm reach an agreement on their licensing lawsuit

Apple and Qualcomm reach an agreement on their licensing lawsuit

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Apple and Qualcomm have been fighting license payments.

Viva Tung / CNET

Apple and Qualcomm have reached an agreement in their fight over licensing of patents, both companies said on Tuesday April 16 from a court in San Diego during the initial presentation of the case.

"Qualcomm and Apple today announced an agreement to dismiss all litigation between the two companies worldwide," the companies said. "The agreement includes a payment from Apple to Qualcomm. The companies have also reached a six-year licensing agreement, effective as of April 1, 2019, which includes a two-year extension option and a multi-year supply agreement from chips".

The amount that Apple pays to Qualcomm is not specified.

As a result of the agreement, Qualcomm said it expects to earn, albeit incrementally, an additional US $ 2 in revenue from the distribution of its products to Apple. The processor manufacturer did not specify when to start seeing this money, but reported revenue on May 1.

Qualcomm shares skyrocketed 23 percent during the last hour of transactions in Nasdaq, rising from US $ 57.18 to US $ 70.45 in the result of the day. The price increased more than US $ 4 after the close of the stock market.

The agreement marks a surprise and sudden end to a two-year battle. In January 2017, Apple accuses Qualcomm of monopolistic practices that caused the rise in the prices ofchips, restricted competition and affected consumer options. For its part, Qualcomm said that the iPhone will not be possible without its technology and that it should receive compensation for its innovation.

The licensing case had started this Monday, April 15, in the federal district court for the southern district of California. Now that Apple and Qualcomm have reached an agreement, we can see the Qualcomm 5G mdems in the next iPhone since Intel, the manufacturer that regularly supplies Apple modems, still does not have its 5G technology ready and Qualcomm s.


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