Apple and Qualcomm unexpectedly announced a settlement as their case entered the second day of a hearing in the U.S. District Court in San Diego. In related news, Intel announced it was getting out of the 5G smartphone chip business. The Apple-Qualcomm settlement provides an unspecified one-time payment from Apple to Qualcomm, a six-year licensing arrangement, and Apple's agreement to pay royalties to Qualcomm. The settlement will free Apple to enter the 5G smartphone competition, where it has been outstripped by Android device manufacturers.
Friday, April 19, 2019
Everyone's a Winner in Apple-Qualcomm Settlement
Apple and Qualcomm unexpectedly announced a settlement as their case entered the second day of a hearing in the U.S. District Court in San Diego. In related news, Intel announced it was getting out of the 5G smartphone chip business. The Apple-Qualcomm settlement provides an unspecified one-time payment from Apple to Qualcomm, a six-year licensing arrangement, and Apple's agreement to pay royalties to Qualcomm. The settlement will free Apple to enter the 5G smartphone competition, where it has been outstripped by Android device manufacturers.
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