Qualcomm and Apple announced an agreement on Tuesday to dismiss all litigation between the two companies worldwide.
The settlement includes a payment from Apple to Qualcomm, according to a release from Qualcomm.
The two 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, said the release.
All worldwide litigation will be dismissed and withdrawn, including claims involving Apple's contract manufacturers, said the release.
A trial between the two companies began on Monday in San Diego with Jury selection.
According to media reports, Apple previously accused Qualcomm of engaging in illegal patent licensing practices, and was seeking up to 27 billion dollars in damages. Qualcomm, for its part, argued Apple and its business partners had stopped paying royalties and was seeking up to 15 billion dollars in damages.