Apple and Qualcomm have reached a settlement in their ongoing royalty dispute. The two companies issued a press release Tuesday afternoon, stating that they will drop all litigation and enter a six-year licensing agreement, effective as of the beginning of this month.

Qualcomm and Apple today announced an agreement to dismiss all litigation between the two companies worldwide. The settlement includes a payment from Apple to Qualcomm. The 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.

Source: Apple