Qualcomm Stocks Jump as Apple Extends the Royalty Bridge
Qualcomm NASDAQ:QCOM, the wireless-chip and edge-AI company, renewed its global patent license with Apple, effective April 1, 2027. Shares rose about 2.4% to $198.95 at 10.37am ET Time on Friday, September 25. Apple is building more of its own modems, but that shift does not end its patent relation…