Qualcomm Will Supply Apple With 5G Chips Until at Least 2026 Under New Deal

Qualcomm (QCOM) on Monday said it had signed a new deal with Apple (AAPL) to supply 5G chips to the iPhone maker until at least 2026.

Qualcomm is the leading designer of what are known as modem chips that connect phones to mobile data networks. The San Diego, California-based firm previously signed a supply deal with Apple in 2019, after the two companies settled a protracted legal battle.

That chip supply agreement ends this year, meaning that the iPhones that Apple is expected to announce at its fall event on Tuesday would be the last phone debut under that agreement.

Read the source article at Yahoo Finance