Qualcomm and Apple extend 5G chip partnership into 2026 under new deal

Although specific financial details of this agreement remain undisclosed, Qualcomm has emphasised that the terms are "similar" to their previous arrangement.

Additionally, the patent licensing deal inked between Qualcomm and Apple in 2019 remains active, with an expiry date set for 2025, but an option for extension for an additional two years.

It's worth noting that Apple has been actively investing in developing its own modem technology, evident in its acquisition of Intel's modem unit in 2019, for a substantial $1 billion.

While Apple's roadmap for integrating its proprietary chips into their devices remains undisclosed, Qualcomm, in their financial projections, anticipates that only a fifth of Apple's iPhones will incorporate their chips by 2026.

However, it's important to remember that Qualcomm made a conservative projection regarding its partnership with Apple in 2021, which ultimately proved to be inaccurate when all iPhone 14 models released last year featured Qualcomm modems.