Qualcomm Technologies, Inc. announced that it has entered into an agreement with Apple Inc. to supply Snapdragon® 5G Modem‑RF Systems for smartphone launches in 2024, 2025 and 2026. This agreement reinforces Qualcomm’s track record of sustained leadership across 5G technologies and products.

Terms and conditions similar to previous agreement.

Long-term Financial Planning Assumption is 20 percent share of chipset supply for the smartphone launch in 2026.

The global patent license agreement, effective as of April 2019, remainsunchanged direct license between Apple and Qualcomm Incorporated: six-year term, with two-year option to extend.