Qualcomm settlement with Apple paves way for Huawei dispute
US chipmaker is in talks for a final resolution with the Chinese company over royalty payments, which will allow it to focus more on rolling out 5G modems
Bengaluru — Qualcomm’s surprise settlement of a prolonged legal fight with Apple paves the way for the chipmaker to resolve a similar dispute with China’s Huawei Technologies, ahead of the launch of 5G phones, several analysts said. Shares of Qualcomm, which closed up 23% on Tuesday, rose another 10% in premarket trade on Wednesday after it signed a six-year patent licence deal with Apple. If Wednesday’s gains hold, Qualcomm would tack on more than $20bn in market value since announcing the settlement.
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