Apple Qualcomm settlement: Apple will pay compensation, Qualcomm shares soared 23%

    Beijing time on the morning of April 17th news, the United States local time on the 16th, Apple and Qualcomm reached a settlement. Qualcomm said the settlement agreement with Apple will end all ongoing litigation, including litigation with Apple equipment contract manufacturers. At the same time, the two companies have reached a global patent license agreement and a chipset supply agreement. The six-year patent license agreement came into effect on April 1, 2019 and has a two-year extension option. The settlement agreement includes an payment made by Apple to Qualcomm and a chipset supply agreement for many years.

    The news caused Qualcomm's share price to soar. As of the close, Qualcomm's share price soared by 23.42% to US$70.57. The largest single-day gain since 1999. Its market value has therefore increased by more than $15 billion to $86.3 billion.