Marketplace®

Daily business news and economic stories

Apple, Qualcomm settle lawsuits, paving way for 5G iPhone

Apple had sued the chip maker for almost $30 billion.

A Qualcomm chip.
A Qualcomm chip.
David Becker/Getty Images

Qualcomm makes chips for smartphones and holds a number of wireless technology patents. Two years ago, Apple and its suppliers said the chip maker was overcharging and sued Qualcomm for almost $30 billion. Qualcomm sued back for $7 billion in lost payments. The two companies said yesterday they were settling all of their outstanding lawsuits, worldwide, which could pave the way for Apple to start using 5G Qualcomm modem chips in iPhones as early as 2020.

Related Topics

Latest Episodes

View All Shows
  • Marketplace Morning Report
    2 hours ago
    7:08
  • Marketplace Tech
    8 hours ago
    11:03
  • Marketplace
    20 hours ago
    25:19
  • Make Me Smart
    a day ago
    19:00
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45