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Apple & Qualcomm Reach Surprise Settlement; drop all lawsuits

Surprisingly, Apple & Qualcomm agreed to settle all ongoing lawsuits, putting an end to the legal battle that saw 2 tech giants suing each other for the last 2 years. As a part of the settlement, Apple will make a payment to Qualcomm. Both of them reached a 6-year global patent licensing agreement. Qualcomm will supply parts to Apple. Qualcomm won a lawsuit in the US & managed to win iPhone bans in Germany, China.