The iPhone maker Apple and the chip maker Qualcomm have recently settled their long-running intellectual-property quarrel over cellular technologies, which includes a payment from the former to the latter, and we now have our first look at the size of the legal agreement.
Apple’s recently-announced settlement with Qualcomm didn’t come cheap, according to UBS analyst Timothy Arcuri. In a research note released Thursday, Arcuri said the iPhone-maker likely paid between $5 and $6 billion to put a stop to the bevy of legal battles between the two companies.
Hot on the heels of the settlement news between Apple and Qualcomm, Intel has announced that it is exiting the 5G smartphone modem business. In a press release late Tuesday afternoon, the company said it sees “no clear path to profitability” in the space.