Apple Qualcomm Case

Apple has alleged that Qualcomm engaged in illegal business practices, and Qualcomm in turn has alleged Apple violated its patents

Shares of Qualcomm jumped 16% in late afternoon trading, while Apple share were up marginally

The last-minute settlement cut short a courtroom clash between the tech giants just as it was getting underway in California

The deal with Apple could help Qualcomm return to the preeminent position it held in the early 2010s when it dominated the transition to 4G mobile networks and expanded revenues dramatically

iPhone maker's complaint about fee follows deal Jobs accepted

Qualcomm said it would appeal the decision immediately

Google has also appealed against a record 2.4 billion euro fine for giving prominent placements in searches to its shopping service and demoting rival offerings

Apple filed its own lawsuit several days after the FTC complaint, accusing Qualcomm of monopolising the market for chips and wireless devices