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Apple and Qualcomm announced Tuesday that they settled their years-long legal battle over the use of the latter company’s fifth-generation mobile chips in Apple iPhones, The Washington Post reported Tuesday.
They agreed to dismiss all litigation stemming from the disagreement, with both companies hammering out a six-year licensing agreement and a multiyear supply agreement. Apple and Qualcomm’s legal troubles began in January 2017, when the iPhone maker accused the 5G chip maker of leveraging its stranglehold on the market to overcharge for its patent licenses.
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Apple licensed Qualcomm’s technology for the iPhone early on, helping the phone maker break into the wireless industry. The decision allowed Apple to concentrate on making touchscreen computers and helped turn marketing genius Steve Jobs’ project into the most valuable company on Earth. Apple will pay Qualcomm an unspecified amount, according to the companies’ statement.
Legal troubles began when Apple started complaining that some of the technology in the patent bundle also is in its chips. In short, Qualcomm is getting paid twice for the same technology. The Federal Trade Commission...
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