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Sci-Tech

AFP
April 17, 2019

Apple, Qualcomm announce settlement in royalty dispute

Sci-Tech

AFP
Wed, Apr 17, 2019

SAN FRANCISCO: iPhone maker Apple and American microchip manufacturer Qualcomm said Tuesday they have agreed to "dismiss all litigation" against each other in a sprawling battle over royalty payments.

The deal includes a six-year license agreement with the option to extend for two years.

Word of the deal sent Qualcomm´s shares soaring on Wall Street, with the company´s stock up 17.4 percent shortly after 1920 GMT. Apple share rose slightly as well, up 0.3 percent.