Qualcomm Signs New Deal to Supply 5G Chips to Apple Through 2026

Qualcomm signed a new deal to supply 5G chips to Apple through 2026. This extends their previous 2019 supply agreement.
The deal was announced on Monday and boosted Qualcomm's stock price initially.
Qualcomm previously said it expected to supply only 20% of Apple's modem chips by 2026, but its predictions have proven conservative.
The deal provides supply chain certainty for Apple as it faces challenges in China.
Apple is still working on its own modem chip technology, having acquired Intel's modem business in 2019.

reuters.com

Relevant topic timeline:

9/5/2023

Qualcomm focuses on AI and auto as Nvidia takes over as world’s biggest fabless chip company

Qualcomm, known for its tech inside smartphones, is expanding into generative AI with new in-vehicle capabilities and partnerships, aiming to run AI models locally rather than relying on the cloud, positioning itself as a key player in the AI space; uncertainty about its relationship with Apple and the industrywide downturn in smartphone shipments have driven Qualcomm's push to diversify its business.

9/5/2023

Qualcomm to supply BMW and Mercedes with chips for displays, voice features

Qualcomm will supply chips for in-car infotainment systems to luxury automakers Mercedes and BMW, as the U.S. semiconductor company expands its presence in the automotive sector.

9/6/2023

Kuo: Apple-Designed 5G Modem for iPhones to Debut in 2025

Apple plans to use its own modem chip for iPhones starting in 2025, reducing its reliance on Qualcomm, but it's unclear if there will be any consumer benefits over Qualcomm modems.

9/11/2023

Apple Extends Deal With Qualcomm for iPhone 5G Modems Through 2026

Apple's iPhone sales in China surpassed the United States in the second quarter of 2023, becoming the largest market for iPhone shipments, while Qualcomm announced that it will continue to supply Apple with 5G modems through 2026.

9/15/2023

Qualcomm Secures Apple Deal and Growth in Auto Despite Near-Term Headwinds

Qualcomm's recent agreement with Apple, strong progress in its automotive segment, and positive financial results have led to the maintenance of a buy rating, as the company remains in excellent shape and is well-positioned for long-term growth in the smartphone, IoT chip, and advanced automotive semiconductor markets.

9/20/2023

Qualcomm Enters Wi-Fi Router Market with Faster Wi-Fi 7 Devices for Carriers

Qualcomm is entering the Wi-Fi router market, with Charter Communications and UK's EE as its first customers, providing gateways that transform fiber-optic lines into Wi-Fi signals and prioritize traffic from specific apps and services for faster speeds.

9/21/2023

Apple Struggles to Design Own iPhone Modem Chip, Faces Delays

Apple's attempts to design its own modem chip to replace Qualcomm radio chips in iPhones have been deemed a failure due to issues with speed, overheating, and size, leading to doubts about the company's ability to use its own modem chip in future iPhone models.

10/8/2023

Apple and Qualcomm Reach Modem Supply Agreement, Delaying Apple's Own Modem Until 2027

Qualcomm's agreement to continue selling modems to Apple puts a pause on the doom narrative surrounding Qualcomm's largest customer loss, and it suggests that Apple may not have its own modem until the 2027 iPhone at the earliest.

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Posted 9/11/2023, 2:52:00 PM

Qualcomm Signs New Deal to Supply 5G Chips to Apple Through 2026

Qualcomm signed a new deal to supply 5G chips to Apple through 2026. This extends their previous 2019 supply agreement.
The deal was announced on Monday and boosted Qualcomm's stock price initially.
Qualcomm previously said it expected to supply only 20% of Apple's modem chips by 2026, but its predictions have proven conservative.
The deal provides supply chain certainty for Apple as it faces challenges in China.
Apple is still working on its own modem chip technology, having acquired Intel's modem business in 2019.

reuters.com

Relevant topic timeline:

9/5/2023

Qualcomm focuses on AI and auto as Nvidia takes over as world’s biggest fabless chip company

9/5/2023

Qualcomm to supply BMW and Mercedes with chips for displays, voice features

Qualcomm will supply chips for in-car infotainment systems to luxury automakers Mercedes and BMW, as the U.S. semiconductor company expands its presence in the automotive sector.

9/6/2023

Kuo: Apple-Designed 5G Modem for iPhones to Debut in 2025

Apple plans to use its own modem chip for iPhones starting in 2025, reducing its reliance on Qualcomm, but it's unclear if there will be any consumer benefits over Qualcomm modems.

9/11/2023

Apple Extends Deal With Qualcomm for iPhone 5G Modems Through 2026

9/15/2023

Qualcomm Secures Apple Deal and Growth in Auto Despite Near-Term Headwinds

9/20/2023

Qualcomm Enters Wi-Fi Router Market with Faster Wi-Fi 7 Devices for Carriers

9/21/2023

Apple Struggles to Design Own iPhone Modem Chip, Faces Delays

10/8/2023

Apple and Qualcomm Reach Modem Supply Agreement, Delaying Apple's Own Modem Until 2027