Qualcomm
will supply Apple with 5G chips for its iPhone launches across the next three years, the company said Monday, a move that has buoyed the chip maker’s shares following declines in recent days.
Qualcomm (ticker: QCOM) said it had entered into an agreement with
Apple
(AAPL) to supply Snapdragon 5G systems for smartphone launches in 2024, 2025, and 2026, which the company said reinforced its track record of 5G leadership.
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