Apple, Qualcomm seal deal on 5G modems - ITREALMS

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Apple has sealed a deal with Qualcomm Technologies for the Fifth Generation (5G) modems to be used in iPhones released over the three years from 2024, reports ITREALMS.

The latest deal, ITREALMS gathered, will extend a supply relationship between the pair for Snapdragon 5G Modem Radio Frequency (RF) Systems and was announced the day before Apple was expected to unveil its latest batch of iPhones.

Qualcomm’s supply for Apple’s next devices will fall under the pair’s existing agreement.

Qualcomm executives previously dampened expectations of a long-term arrangement with Apple for the component, with the device brand expected to introduce an in-house version after splashing $1 billion on most of Intel’s smartphone modem business in 2019.

ITREALMS recalled that Apple, an American multinational technology company headquartered in Cupertino, California, is the world's largest technology company by revenue, with US$394.3 billion in 2022 revenue. As of March 2023, Apple is the world's biggest company by market capitalization.

Whereas Qualcomm also an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware; It creates semiconductors, software, and services related to wireless technology, while owning patents critical to the 5G, 4G, CDMA2000, TD-SCDMA and WCDMA mobile communications standards among others.

Remmy Nweke/DoP with additional report from MWC.