Apple and Qualcomm agree to drop all of their legal disputes around the world
New York Apple and Qualcomm on Tuesday agreed to dismiss all of the legal battles between the two companies around the world.
The settlement includes an unspecified payment from Apple to chipmaker Qualcomm .Both companies will still work together, too. Apple and Qualcomm announced a new six-year license contract, with the option to add two more years. It also announced a multi-year chipset supply agreement. Qualcomm stock soared as much as 22% following the settlement. Apple stock was flat.The companies appeared in court on Monday in a trial that was expected to last for four to six weeks in San Diego.
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