Apple, Qualcomm Strike Patent Dispute Deal, Dismiss All Litigation

Apple and Qualcomm announced a patent dispute settlement Tuesday, dismissing all worldwide litigation between the tech companies (see 1903270012). The deal includes an undisclosed payment from Apple to Qualcomm. A six-year license agreement, effective April 1, carries a two-year extension option. The two sides also reached a multiyear chipset supply agreement. Qualcomm closed 23.2 percent higher at $70.45 Tuesday, and Apple closed virtually flat at $199.25.