Qualcomm CEO Steve Morenkopf (Steve)
Mollenkopf) today announced that it will not disclose the cost criteria that Apple will ultimately support Qualcomm.Previously, Qualcomm and Apple jointly agreed on all worldwide litigation, and Apple agreed to pay royalties to Qualcomm. The two companies signed a six-year patent license agreement starting on the first of this month, including an extension of the two-year option. Both sides also signed a chip purchase agreement for many years.
Moronkopf said in an interview with CNBC tonight that it will not disclose Apple's final support costs for Qualcomm. But he is very happy that the two companies can continue to work together.
"Qualcomm and Apple are two excellent product companies, and both companies are willing to work and work together," Moronkopf said.
In early 2007, the first collaboration between Qualcomm and Apple was negotiated by Steve Jobs. At that time, Jobs had an intimate relationship with Qualcomm's CEO, Paul Jacobs. The two agreed that Apple would pay Qualcomm $ 7.50 for each iPhone.
However, after Cook became CEO in 2011, he found that he made "very excessive" agreements and promoted the amendments. According to people familiar with this issue, Cook replaced Steve Jobs as CEO in 2011. He was shocked to find that Apple's payment to Qualcomm exceeded the sum of all other iPhone license fees.
Qualcomm shares rose 23.42 percent to $ 70.57 after the two companies announced a settlement, showing the largest daily increase since 1999.