Apple extended its patent-licensing agreement with Qualcomm, maintaining access to parts of the chip designer’s intellectual-property portfolio as Apple reduces reliance on Qualcomm modems.
Qualcomm did not disclose the extension’s new term. Reuters noted that the current agreement ends on March 31, 2027 and includes an option for a two-year extension.
Licensing represented roughly 15% of Qualcomm’s total revenue in the June quarter. The company expects Apple-related product revenue to decline as Apple moves more devices to its own modem technology.
This is an original summary, not a republication of the full report.
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