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Qualcomm expects additional earnings per share of $ 2 as a result of increased shipments of products, Qualcomm said.
The two companies began a lawsuit in San Diego on Monday in a federal court, which was to last until May. Both sides claimed billions of damages.
In November, Qualcomm's general manager, Steve Mollenkopf, said he thought the two companies were about to "settle in." Apple's chief executive, Tim Cook, denied it shortly thereafter, claiming that Apple had not engaged in settlement discussions since the third calendar quarter of 2018.
The complicated legal battle was about modem chips and raging in courts around the world since 2016. For years, Apple has bought modem chips at Qualcomm, but has been harmed by Qualcomm's prices and by the fact that it has not been used. obligation for any company that uses it to pay its license fees. patents.
The new iPhone models released in 2018 used Intel modem chips, instead of Qualcomm technology.
The settlement includes a payment from Apple to Qualcomm and a chipset supply agreement, suggesting that the future iPhone can use Qualcomm chips.
Apple argued that Qualcomm was abusing its position as one of the only providers of cellular technology, and Qualcomm claimed that Apple was withholding payments that the two companies had negotiated under a royalty agreement.
According to Qualcomm, the license between Apple and this contract is for a six-year term, with an option of two years extension. It includes a one-time payment from Apple to Qualcomm.
Here is the full press release:
Qualcomm and Apple® announced today the signing of an agreement for the resolution of all disputes between the two companies in the world. The settlement includes a payment from Apple to Qualcomm. The companies also entered into a six-year license agreement, effective April 1, 2019, including a two-year extension option and a multi-year chipset procurement agreement.
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