Qualcomm will remain the exclusive supplier of 5G modem chips for the 2023 iPhone, according to a new report by TMK analyst ð ¹ on Tuesday
Previously, Qualcomm was expected to supply only 20 percent of 5G modem chips for the 2023 iPhone, saying the company could grow without Apple.
Qualcomm shares were up 3.48 percent at $131.60 per share at the close of trading on June 28, giving the company a market capitalization of $147.4 billion.
Apple has been developing its own 5G modem chips over the past few years and even bought Intel's smartphone modem business in 2019 in an attempt to wean itself off Qualcomm chips.
The two sides also fought a protracted legal battle from 2017 to 2019 over licensing fees and other issues. In 2018, Qualcomm refused to supply 4G chips to Apple, which used Intel's 4G chips in all three iPhone models in 2018, which were also reported to have signal problems. Apple eventually settled with Qualcomm in April 2019, and qualcomm's 5G modem chips have since been widely used in its iPhone and iPad lines. (article | Zheng Haojun)