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Qualcomm and Apple just announced that they have extended their multi-year agreement for Qualcomm to supply 5G modem-RF systems to Apple for future iPhones. The new agreement covers the supply of Snapdragon 5G modem-RF systems for products that will be released in 2024, 2025, and 2026.
This agreement is a significant development for both companies. For Qualcomm, it means that it will continue to be a supplier of 5G modems for Apple's most popular product. This is a major win for Qualcomm, as it validates its technology in the 5G market.
For Apple, this agreement means that it will continue to have access to Qualcomm's leading 5G modem technology. This will help Apple products offer the best possible 5G performance and experience for its customers, even as it reportedly continues working on its own 5G modem chipsets.
The two companies have had a long and contentious history, but perhaps they're working to mend fences. It's undoubtedly no coincidence that this deal was inked right after the recent pressure placed on the companies from Huawei, with its release of the Mate 60 Pro, and China's new restriction on government employees' use of the iPhone.
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Nicholas and Kasey Rossolillo own shares of Qualcomm and Apple
