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The compromise, which could allow Qualcomm to re-supply key components of the iPhone, to the detriment of Intel, also provides for the payment to Qualcomm by Apple of an unspecified sum, adds a joint statement.
On Wall Street, the Qualcomm stock gained 22.25% after the announcement of the agreement while Apple took 0.16% and Intel 0.32%.
In January 2017, Apple filed lawsuits against Qualcomm, accusing it of overbilling semiconductors and refusing discounts of around $ 1 billion.
Qualcomm responded by taking legal action against the Apple group, which it criticized for using its influence in the electronic components market to force subcontractors such as Hon Hai Precision, better known as Foxconn, not to pay intellectual property rights on patents owned by Qualcomm.
The agreement announced Tuesday also provides that Qualcomm will terminate the actions against the subcontractors concerned.
Apple claimed that Qualcomm's patent practices were illegal and aimed at maintaining a de facto monopoly in the high-end modem chip market, which allows smartphones to connect to broadband networks.
Before this dispute, Apple's iPhone only included Qualcomm's modem chips, but since the launch of the iPhone 7 in 2016, Apple has begun using Intel components in some of its models.
In July, Qualcomm had said that its modem chips would be totally absent from the latest generation of iPhone, launched in September and actually fully equipped with Intel chips.
The lawsuit between Apple and Qualcomm opened Tuesday in a court in San Diego, California, and was supposed to last five weeks.
The presiding Judge, Gonzalo Curiel, briefly adjourned after the publication of press reports suggesting a friendly settlement. "Both parties have reached the ideal conclusion," he said after recalling the jury of six men and three women.
"This rebound allows these technology companies to resume their business and you to resume your activities," he told the jury before adjourning the hearing.
(Vibhuti Sharma in Bangalore and Stephen Nellis in San Diego, Catherine Mallebay-Vacateur and Marc Angrand for French service)
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