In the early morning of April 17, Apple officially issued a press release announcing that Apple and Qualcomm had ended all lawsuits and resumed their partnership.
According to the press release, the two companies agreed to terminate all ongoing lawsuits, including Apple contract manufacturers, and pay and settle payments from Apple to Qualcomm.
In addition, Apple and Qualcomm reached a six-year licensing agreement, which came into effect on April 1, 2019, including two-year deferred options and multi-year chipset supply agreements.
Just this week, Apple and Qualcomm went to court fiercely and generated nearly $30 billion in "first in history" compensation for patent licensing disputes, which the media reported in detail yesterday about the incompatible relationship between the two companies. The news of the settlement came suddenly enough to caught people concerned about the dispute by surprise.
Qualcomm shares rose 20% and Apple shares rose less than 0.5% after the news of the settlement.
This is good news for Apple's 5G iPhone plan. Qualcomm is well prepared and technologically advanced on the 5G baseband, while Apple can use Qualcomm 5G baseband chips through the agreement, with the two giants joining hands, all the pending issues of the 5G iPhone are resolved overnight.