Qualcomm, Apple Renew Global Patent License Agreement

Dow Jones
2 hours ago
 

Qualcomm renewed its global patent license agreement with Apple, effective April 1, 2027.

The terms and duration of the pact weren't disclosed.

The partnership between Qualcomm and Apple was ​shaped by a 2019 settlement, which ended a long-brewing legal battle over how royalties are collected on innovations in smartphone technology.

With the settlement, the companies said in April 2019 that they had reached a six-year license agreement and a multiyear deal for Qualcomm to supply Apple with modem chips. Now, that agreement has been extended.

"We are pleased to extend the Apple license agreement," John Han, general manager of Qualcomm Technology Licensing, said Thursday.

Still, Apple in recent years has sought to become less reliant on Qualcomm, which makes smartphone processors. Apple last year launched the iPhone 16e, an update to a budget-friendly version of its flagship device that featured the company's first in-house cellular chip.

The device marked a long-awaited step in Apple's efforts to make more of its own technology, as well as to wean itself from having to pay billions annually to Qualcomm, which receives licensing revenue from handset makers based on the number of units shipped.

 
 

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