Qualcomm, Apple extend licensing agreement for chips
Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
Sept 24 : Qualcomm said on Thursday it has extended its licensing agreement for chips with Apple, effective April 1 next year.
The partnership between the two companies has been shaped by a 2019 settlement that ended a two-year global legal battle over wireless-patent royalties and modem-chip supply. They announced the truce in April 2019 as a U.S. jury trial between them was beginning in San Diego.
Under the settlement, Apple made an undisclosed payment to Qualcomm, the companies dropped litigation worldwide and agreed to a six-year global patent licensing deal from April 1, 2019.
The agreement gave Apple an option to extend the license by two years. The companies did not respond to requests for comment on the details of the agreement.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
