Qualcomm to supply modem semiconductors for Apple through 2026

[{"selector":"#anim-6674e09d-f14a-48ba-9369-52bf8f54b8bd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(1.7346395376361428%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Apple extends Qualcomm partnership for 3 more years due to delays in in-house 18chip development, boosting Qualcomm's stock price.

Apple's plan to develop in-house chips taking longer than expected.

[{"selector":"#anim-67957dc5-8587-4ac4-ab80-70ded7ec2491 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(14.843749786673241%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

[{"selector":"#anim-f64457a4-f7e4-4fea-ae8c-46751d27e0a2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(10.75492503360154%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Extended partnership with Qualcomm for three more years.Qualcomm's stock price surged after the announcement.

Qualcomm's chips to be used in Apple smartphones until 2026.

[{"selector":"#anim-bf0e6bb3-6c7f-4b0b-99d8-c076e0b47be3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(3.819991833346168%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

[{"selector":"#anim-d0011ffe-b7ce-47e2-ba1d-e57f0f9d4b43 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-3.1874997159435625%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Apple is Qualcomm's largest client.Qualcomm's chips enable faster 5G networks starting with iPhone 12.

[{"selector":"#anim-d8297ad8-3b09-4d53-b669-0482a99a0a5c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Reinforces Qualcomm's leadership in 5G technology. – Agreement similar to the one signed in 2019.

[{"selector":"#anim-9a215be0-e3d1-4af1-9648-43903a965b2d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Apple delays in-house modem development beyond 2024/2025.Project deadline extended to allow more time for completion.

[{"selector":"#anim-35b4bad1-49a7-4ee4-b9b3-0ef8588516f9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(21.874999829338595%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Apple has extended its arrangement to buy modem semiconductors from Qualcomm for three more years.

Apple's plan to create its own chips is taking longer than expected.

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