CEO Qualcomma Steve Morenkopf (Steve
Mollenkopf) said today that it will not disclose the cost standards that Apple ultimately supports.Earlier in the day, Qualcomm and Apple announced jointly that they had settled in all court proceedings around the world, and Apple agreed to pay a patent license fee. Two companies entered into a six-year patent licensing agreement, which entered into force on 1 May, including the extension of the two-year option. In addition, both sides have reached a multi-year contract on the purchase of chips.
In an interview with CNBC, Moronkopf said tonight that it will not disclose the cost of Apple's final support to Qualcomm. However, it is very happy that both companies can continue to cooperate.
Moronkopf said: "Qualcomm and Apple are two major manufacturing companies. This is a natural choice for both companies' cooperation and willingness to cooperate."
Already in 2007, the first collaboration between Qualcomm and Apple was negotiated with Steve Jobs. At the time, Jobs set up a friendly relationship with Paul Jacobs, then Executive Director of Qualcomm. Both agreed that Apple would pay Qualcomm $ 7.50 for each iPhone.
But in 2011, when Cook became CEO, the agreement was found to be "extremely unreasonable" and to encourage revisions. According to the people who know the case, Cook replaced Steve Jobs as CEO in 2011. He found that Apple's payment to Qualcomm exceeded the sum of all other royalties for the iPhone, which is shocking.
After both companies announced a settlement, the price of the Qualcomma share increased, and Qualcomma's closing of its shares increased by 23.42% to $ 70.57, the largest increase for one day since 1999.