Qualcomm outlines Apple licensing deal

Chipset giant Qualcomm, which last week said it had settled its long-standing dispute with Apple, further explained how the two players would be working in the future.

Qualcomm’s CEO Steve Mollenkopf, speaking to analysts following the company’s Q2 results, said the agreement covered two long-term elements: “A global patent licence agreement and a multi-year chipset supply agreement. The settlement also includes a one-time payment from Apple to Qualcomm.”

Source: Qualcomm outlines Apple licensing deal