Apple extends patent deal with Qualcomm

Qualcomm announces that Apple has extended its global patent licensing agreement with the chipmaker. The current agreement is set to end in March 2027. Both companies did not respond to requests for comment regarding the extension timeline.

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Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration

QUALCOMM INC extended its global patent-licensing pact with APPLE INC on Thursday afternoon, securing patent royalties past a March 2027 expiration. The extension includes an option to prolong the arrangement by two additional years. The agreement comes as the iPhone maker works to reduce its reliance on third-party modem hardware.

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