Apple renews Qualcomm deal to cover iPhone launches until 2026, signs its own modem chip isn’t ready

Apple extends an agreement to obtain modem semiconductors from Qualcomm for three more years, a sign that its ambitious effort to design the chips in-house is taking longer than expected. Qualcomm shares rose on the news. The new pact will cover “smartphone launches in 2024, 2025 and 2026,” Qualcomm said in a statement on Monday. … Read more