Reuters
FILE PHOTO: People walk by a video display promoting 5G connectivity at the Qualcomm booth during the 2019 CES in Las Vegas
- Qualcomm shares surged late Tuesday after the company and Apple reached an agreement to dismiss all litigation related to their royalty dispute.
- The settlement includes a payment from Apple to Qualcomm, though a press release did not specify its terms.
- Watch Qualcomm and Apple trade live.
Shares of the chipmaker Qualcomm surged 16% late Tuesday after the company and Apple agreed to drop all litigation related to their royalty dispute.
The settlement includes a payment from Apple to Qualcomm, though a press release did not specify its terms.
Apple shares were little changed following the announcement.
This story is developing. Check back for updates.
Markets Insider Qualcomm shares.