Qualcomm Incorporated renewed its global patent license agreement with Apple. The extension takes effect on April 1, 2027.
The companies did not disclose the specific financial terms or the duration of the agreement. Qualcomm’s Technology Licensing (QTL) division manages the contract, which provides a significant portion of corporate revenue.
Qualcomm (QCOM) shares rose 1% in premarket trading following the news. This renewal follows a 2019 settlement that ended a major legal battle between the tech giants.
Apple continues to develop its own in-house modem chips to reduce its dependence on Qualcomm technology.