Apple, Qualcomm settle dispute over iPhone technology

A new iPhone X is sold at an Apple Store in Beijing, China November 3, 2017. REUTERS/Damir Sagolj

SAN DIEGO — Apple and mobile chip maker Qualcomm have settled a bitter financial dispute centered on some of the technology that enables iPhones to connect to the internet. The surprise truce announced Tuesday came just as the former allies turned antagonists were facing off in a federal court trial that was supposed to unfold over the next month in San Diego. The deal requires Apple to pay Qualcomm an undisclosed amount. It also includes a six-year licensing agreement that likely involves recurring payments to the mobile chip maker.