This week, Apple and the Qualcomm found themselves in court over an ongoing patent dispute that had turned very ugly. The two big companies have kissed and made up but in a move that has taken many by surprise.
Apple today announced through a press release that it and Qualcomm had come to an agreement that would see the end of all ongoing litigation, it also includes those with Apple’s contract manufacturers. There has also been a payment from Apple to Qualcomm, and some ongoing agreements are also in place.
“Qualcomm and Apple today announced an agreement to dismiss all litigation between the two companies worldwide. The settlement includes a payment from Apple to Qualcomm. The companies also have reached a six-year license agreement, effective as of April 1, 2019, including a two-year option to extend, and a multiyear chipset supply agreement.”
This comes as many were of the belief that the relationship between these two companies was irreparably damaged, and that we were in for a legal battle that would be lengthy and complicated. Apple CEO Tim Cook was even expected to take the stand, however, that will now no longer be required.
The battle all revolved around Qualcomm’s modems, that had been used by Apple for years. However, CEO Tim Cook was apparently far from pleased with the all the fees his company was paying whether or not Qualcomm’s chips were used. Since then, an escalating war of words led to court, but ultimately the two have been able to come to an agreement.
Neither Apple nor Qualcomm have confirmed the total amount of money that have changed hands.
Source: Redmond Pie
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