Qualcomm stock at its highest in 19 years on surprise settlement with Apple

Shares of Qualcomm jumped 23 per cent to $70.45 in regular trading, then hit $75.25 in after-hours trading

International News:Qualcomm Inc on Tuesday won a noteworthy triumph in its wide-extending lawful debate with Apple Inc as the organizations achieved an unexpected settlement that required the iPhone to by and by use Qualcomm modem chips.
Offers of Qualcomm bounced 23 percent to $70.45 in customary exchanging, their greatest addition in over 19 years, at that point hit $75.25 in twilight exchanging.
Intel Corp, which had been Apple's sole iPhone chip provider for as long as year in the midst of heightening clash with Qualcomm, said hours after the settlement was reported that it would leave the modem chip business.
The Qualcomm settlement likewise joins a six-year patent permit and an installment from Apple to Qualcomm, however the organizations did not reveal the sum.Read More

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