The companies also have reached a six-year license agreement, effective as of April 1, 2019, including a two-year option to extend, and a multiyear chipset supply agreement.
The dispute started in January 2017 when Apple sued Qualcomm for alleged unfair licensing terms. Apple subsequently stopped working with Qualcomm and turned to Intel for iPhone processors. A series of lawsuits around the world ensued, with Apple and Qualcomm accusing each other of patent infringement.
The settlement includes a payment from Apple to Qualcomm as well as a chipset supply agreement, suggesting that Apple will buy Qualcomm chips for future iPhones.