Qualcomm Technologies Stock Gains 3% on Agreement with Apple
<p><a href='https://financialmodelingprep.com/financial-summary/QCOM'>Qualcomm Technologies (NASDAQ:QCOM)</a> announced a significant agreement with Apple (NASDAQ:AAPL) to supply high-end chips for Apple's smartphones. This partnership will cover product launches in 2024, 2025, and 2026, resulting in a 3% surge in Qualcomm's stock intra-day today.</p>
<p>Qualcomm emphasized that this deal underscores its continued leadership in 5G technologies and products. Apple will incorporate Qualcomm's 5G Modem-RF Systems in its upcoming devices, with terms similar to their previous agreement.</p>
<p>Additionally, Qualcomm highlighted its 20% share of chipset supply for the smartphone launch in 2026. It's worth noting that their six-year global patent license agreement, established in 2019, remains unchanged, with an option for a two-year extension.</p>

NASDAQ:QCOM