Apple Renews Qualcomm Deal to Cover iPhone Launches Till 2026 in Sign Its Own Modem Chip Isn’t Ready
Apple is extending an agreement to get modem semiconductors from Qualcomm for three more years, a sign that its ambitious effort to design the chips in-house is taking longer than expected. Qualcomm shares surged on the news. The new pact will cover “smartphone launches in 2024, 2025 and 2026,” Qualcomm said in a statement Monday. …