Apple and Qualcomm settle royalty dispute
Apple and Qualcomm said Tuesday that they had agreed to dismiss their dueling lawsuits around the world, The New York Times reports. As a trial had started in a San Diego federal courtroom in an Apple complaint against Qualcomm, the companies said they had reached a six-year agreement under which Apple will pay unspecified royalties on Qualcomm patents.
Apple, maker of the iPhone, and Qualcomm, the biggest provider of mobile chips, had been battling over how Qualcomm charges royalties on its patents on mobile chips. Qualcomm in the 1990s pioneered technology now critical in mobile devices, allowing it to charge royalties on smartphones even if they don't have Qualcomm chips. The settlement suggests Apple will drop its objection to the arrangement, assuming Qualcomm's royalties aren't set too high. Qualcomm shares jumped by more than 20 percent after the news, CNBC reports.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
-
5 cartoon critiques of the Kamala Harris media blitz
Cartoons Artists take on 60 surrealist minutes, word salad, and more
By The Week US Published
-
Did the Covid virus leak from a lab?
The Explainer Once dismissed as a conspiracy theory, the idea that Covid-19 originated in a virology lab in Wuhan now has many adherents
By The Week UK Published
-
Exodus: the desperate rush to get out of Lebanon
Talking Point As the Israel-Hezbollah conflict escalates Lebanon faces an 'unprecedented' refugee crisis
By The Week UK Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
Reddit IPO values social media site at $6.4 billion
Speed Read The company makes its public debut on the New York Stock Exchange
By Peter Weber, The Week US Published
-
Housing costs: the root of US economic malaise?
speed read Many voters are troubled by the housing affordability crisis
By Peter Weber, The Week US Published