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Qualcomm, LGE settle chip license disagreement

|About: QUALCOMM Incorporated (QCOM)|By:, SA News Editor

Qualcomm (QCOM -0.1%) enters a new five-year license agreement with LG Electronics for developing and manufacturing 3G, 4G, and 5G smartphones.

In June, LG said it wasn't able to negotiate its differences with QCOM and renew its chip license agreement.

The LG deal follows Qualcomm's truce with Apple earlier this year.

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