Apple Extends Qualcomm Chip Licensing Agreement Through 2029

Apple exercised a contractual option to extend its global chip licensing agreement with Qualcomm. The new terms will take effect on April 1, 2027, extending the partnership beyond the original six-year window.

This agreement stems from a 2019 settlement that ended a two-year global legal battle over wireless-patent royalties and the supply of modem chips. The original deal, which began on April 1, 2019, provided Apple the specific option to prolong the license for an additional two years.

Neither company has disclosed the specific financial or technical terms of the extension.