Qualcomm has extended its worldwide patent licensing arrangement with Apple, effective April 1, 2027, preserving Apple's access to Qualcomm's cellular-technology patents as Apple expands use of internally developed modems. Qualcomm did not disclose the renewal's duration or financial terms, a departure from its 2019 announcement, which specified a six-year term and extension provisions. Shares fell 1.5% to $193.41 on Thursday after the news, although an earlier account reported a 0.2% gain and another described the stock at $192.20, down 2.56%. Apple has equipped its iPhone 18 Pro, Pro Max and Duo models with its C2 modem, according to the latest account, conflicting with an earlier report that U.S. iPhone 18 Pro Max versions retained Qualcomm modems. Qualcomm shares remain up 13% year to date as the company pursues AI, robotics, automotive and data-center opportunities, despite pressure on its handset-chip business.