Intel Abandons 5G Modem Development For Phones Following Apple And Qualcomm Truce

Qualcomm and Apple Settle Long-Running Patent Royalty Dispute

(Qualcomm has posted the same announcement.) "The settlement includes a payment from Apple to Qualcomm".

Yesterday, Apple and Qualcomm kicked off a massive court case certain to range for years across their respective businesses.

The deal requires Apple to pay Qualcomm an undisclosed amount.

According to Apple, this allowed Qualcomm to leverage "its market power to extract exorbitant royalties" and the company later only agrees to lower the royalty rates "in exchange for additional anticompetitive advantages and restrictions on challenging Qualcomm's power, further solidifying its stranglehold on the industry".

In a joint statement on Tuesday, Apple and Qualcomm announced "an agreement to dismiss all litigation between the two companies worldwide", including claims against Apple's contract manufacturing partners. Intel said it will "continue to meet current customer commitments for its existing 4G smartphone modem product line", and that it will "complete an assessment of the opportunities" for PC modems.

On one side, Apple said Qualcomm was abusing its market position and charging exorbitantly high rates for its technology.

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Apple and Qualcomm are not announcing the overall financial details of the deal - how much Apple is paying in royalties, nor how much the one-time payment is.

Apple accused chip-maker Qualcomm of overcharging, a claim the firm denied. Just when it seemed like the dispute between Apple and Qualcomm would have us popping corn for years to come, the companies today announced that they've made a decision to dismiss all litigation against each other, thanks to a new settlement agreement.

Ben Wood, chief of research at CCS Insight said the settlement was "a huge vindication for Qualcomm".

Then previous year, as Apple's legal battle with Qualcomm heated up, Intel became Apple's sole supplier for 4G wireless chips in the iPhone. That more or less is the question to be decided by a U.S. court as Apple seeks billions in damages from former chip supplier Qualcomm. "A settlement is a surprise to investors as ultimately Apple realized this was more about two kids fighting in the sandbox and they have bigger issues ahead with 5G and iPhone softness rather than battling Qualcomm in court".

The tech giants Apple and Qualcomm avoided extending an already gruelling three-continent legal battle by settling their years-long disputes on Tuesday.

The row between the pair began in 2017 when Apple first filed a legal complaint. Qualcomm demanded $7 billion in royalties while Apple asked for $27 billion in compensation for unfair business practices.

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