qualcomm and apple drop lawsuits against each other

On Tuesday in a San Diego courthouse, both Apple and Qualcomm have unexpectedly settled all their legal disputes. This was discovered when Apple and Qualcomm released a joint press release detailing their agreements to drop litigations, just as Qualcomm’s head lawyer finished delivering opening remarks.

According to the release, the settlement involves a payment from Apple to Qualcomm for an undisclosed amount, a six-year license agreement effective as of April 1 2019, which includes a two-year option to extend. The two also entered a multi-year chipset supply agreement.

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Link: https://www.gsmdb.com/gsmarena/qualcomm_and_apple_drop_lawsuits_against_each_other-news-36593.php