Apple and Qualcomm just settled their massive legal battle

What a wild ride it's been, folks!

On Tuesday, Apple and Qualcomm announced that they reached a settlement for all ongoing litigation between the two companies, worldwide. The news comes on what would have been the day both sides presented opening arguments in district court in San Diego for Apple's billion dollar lawsuit against Qualcomm.

The two tech giants have been feuding for years over the IP royalties Qualcomm charges Apple for using their patented chip technology. Apple sued Qualcomm in 2017, accusing Qualcomm of engaging in anti-competitive practices, and asking the courts to have Qualcomm reduce the rates of licensing their IP to what Apple thought was something more reasonable. Qualcomm countersued Apple for breach of contract, and recently won a case in which they alleged patent infringement for their battery IP. Read more...