{"id":249063,"date":"2023-09-12T22:30:48","date_gmt":"2023-09-12T22:30:48","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=249063"},"modified":"2023-09-12T10:29:31","modified_gmt":"2023-09-12T10:29:31","slug":"qualcomm-and-apple-extend-5g-chip-agreement","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/qualcomm-and-apple-extend-5g-chip-agreement\/","title":{"rendered":"Qualcomm and Apple Extend 5G Chip Agreement"},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bnreport.com\/en\/\"><strong>BNR<\/strong> <\/a>&#8211; Qualcomm has announced a contract extension with giant <a href=\"https:\/\/www.apple.com\/\">Apple<\/a>, committing to supply 5G chips until at least 2026.<\/p>\n<p style=\"text-align: justify;\">This partnership expansion comes at a crucial juncture when Apple faces mounting challenges in the Chinese market. Additionally, the company is facing issues in fortifying its supply chains worldwide.<\/p>\n<p style=\"text-align: justify;\">The 3-year extended deal surpasses initial expectations and signifies that Apple is not hastily venturing into developing its own modems.<\/p>\n<h1 style=\"text-align: left;\"><strong>Rise in Stocks<\/strong><\/h1>\n<p style=\"text-align: justify;\">Qualcomm\u2019s shares witnessed a 4% rise in early afternoon trading, reflecting the positive market sentiment surrounding this collaboration.<\/p>\n<p style=\"text-align: justify;\">Apple shares also rose by 0.5%. Qualcomm, based in California, is a designer of modem chips that enable smartphones to connect to mobile data networks.<\/p>\n<p style=\"text-align: justify;\">This agreement builds upon a chip supply deal between Qualcomm and Apple initiated in 2019. Furthermore, the deal follows the resolution of a protracted legal dispute between the two firms.<\/p>\n<p style=\"text-align: justify;\">The initial supply agreement was set to expire this year, marking the last iPhone release under its terms.<\/p>\n<p style=\"text-align: justify;\">Under the newly unveiled accord, Qualcomm will furnish Apple with chips for annual phone releases until 2026.<\/p>\n<p style=\"text-align: justify;\">The financial specifics of the arrangement remain undisclosed. However, Qualcomm has noted that the terms are similar to the previous agreement.<\/p>\n<h2 style=\"text-align: left;\"><strong>Qualcomm Sold Billions of Chips to Apple<\/strong><\/h2>\n<p style=\"text-align: justify;\">Apple has not issued an immediate comment regarding this extension. Notably, UBS analysts estimated Qualcomm\u2019s chip sales to Apple reached $7.26 billion in 2022.<\/p>\n<p style=\"text-align: justify;\">Furthermore, Qualcomm emphasised that the patent licensing deal signed with Apple in 2019 remains intact and will persist until 2025.<\/p>\n<p style=\"text-align: justify;\">As Apple contends with mounting obstacles in the Chinese market, enhancing its global supply chains becomes a strategic necessity.<\/p>\n<p style=\"text-align: justify;\">The decision to extend its partnership with Qualcomm indicates a shift away from a rapid pursuit of in-house chip production.<\/p>\n<p style=\"text-align: justify;\">Apple continues to invest in modem technology, including the acquisition of Intel\u2019s modem unit for $1 billion in 2019.<\/p>\n<p style=\"text-align: justify;\">Qualcomm has projected that only a fifth of Apple\u2019s iPhones will be equipped with its chips by 2026. However, previous expert estimates suggest a more significant adoption rate may occur.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNR &#8211; Qualcomm has announced a contract extension with giant Apple, committing to supply 5G chips until at least 2026. This partnership expansion comes at a crucial juncture when Apple faces mounting challenges in the Chinese market. Additionally, the company is facing issues in fortifying its supply chains worldwide. The 3-year extended deal surpasses initial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":249064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[12465,120,278,12550,12549,12551],"class_list":["post-249063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","tag-5g-chip","tag-apple","tag-featured","tag-iphone","tag-iphone-15","tag-qualcomm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Qualcomm and Apple Extend 5G Chip Agreement - Business News Report<\/title>\n<meta name=\"description\" content=\"BNR - Qualcomm has announced a contract extension with giant Apple, committing to supply 5G chips until at least 2026.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/qualcomm-and-apple-extend-5g-chip-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qualcomm and Apple Extend 5G Chip Agreement - 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