SAN FRANCISCO, April 16 (Xinhua) -- Apple said Tuesday it has reached a settlement agreement with Qualcomm, which will drop a litigation between the two tech giants over patent and royalty disputes.
Apple said the settlement includes a payment from Apple to Qualcomm, but the two companies did not disclose the specific amount of payment.
As part of the deal, Apple and Qualcomm have agreed to enforce a multi-year accord over chipset supply in the future.
A six-year global patent license agreement was signed by the two U.S. tech heavyweights, which took effect as of April 1, 2019.
Apple and Qualcomm began proceedings in a multi-billion-U.S.-dollar patent trial in a federal court in San Diego, California, on Monday.
Apple accused Qualcomm of engaging in illegal patent licensing practices, and was seeking up to 27 billion dollars in damages, according to media reports.
Qualcomm, for its part, argued Apple and its business partners stopped paying royalties and demanded up to 15 billion dollars in damages.