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.
Meta app's new feature makes chat management easier for users
Pavel Durov's app is likely to have billion users
American messaging app introduces measure to detect AI
Upcoming Total Solar Eclipse is taking place soon
Microsoft users will now be able to edit Photos with Designer app
Music streaming service is developing a remix feature