Qualcomm and Apple today announced an agreement to dismiss all litigation between the two companies worldwide. The settlement includes a payment from Apple to Qualcomm. The companies also have reached a six-year license agreement, effective as of April 1, 2019, including a two-year option to extend, and a multiyear chipset supply agreement.The specific settlements are as belows:

1)Agreement ends all ongoing litigation, including with Apple’s contract manufacturers

2)Companies have reached a global patent license agreement and a chipset supply agreement