According to a Fortune report on Tuesday, Qualcomm CEO Steve Mollenkopf said during the Brainstorm Tech conference in Aspen, Colorado, that "those things tend to get resolved out of court and there's no reason why I wouldn't expect that to be the case here."
Mollenkopf, however, added he didn't have any specific news announcing a settlement was on the way.
"I don't have an announcement or anything so please don't ask," he told the gathering.
Earlier in July, Qualcomm asked the US authorities to ban imports of some iPhone and iPad models.
Qualcomm said all iPhones and iPads that contain competing mobile communications chips should be barred from the country.
Apple reportedly stopped paying royalties starting with devices sold during the March quarter.
The US chip manufacturer had lambasted Apple for breaching deals between the two companies and urged that the lawsuit filed in January against them by the iPhone maker should be rejected.
Apple sued Qualcomm in January for nearly one billion dollars over royalties, with the Cupertino-based tech giant alleging the wireless chipmaker that it did not give fair licensing terms for its processor technology.
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