San Diego and Cupertino, California — 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.
My take: The case was an existential threat for Qualcomm. This lifts the cloud.
Cue the CNBC video (includes Gene Munster soundbite):
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