1. In recent years, China has strengthened the protection of intellectual property rights with unprecedented efforts, and has taken a series of measures, including setting up a special intellectual property court. The judicial protection of intellectual property rights in China is improving day by day.
China market is very important for these two companies. China is an important part of Apple's global supply chain and a vital strategic market for Qualcomm.
Extended data:
20 19-04- 16 Qualcomm and Apple unexpectedly agreed to end a two-year lawsuit over technology patent licensing fees. Affected by this news, Qualcomm's share price soared by 23%.
The two companies issued a press release on 16, saying that Apple would pay Qualcomm a sum of money. The two companies have reached a chip supply and patent licensing agreement for several years, which will take effect in April of 1 year, and Apple will pay the relevant fees to Qualcomm.
All the lawsuits of the two companies around the world will be cancelled, but the specific amount of related expenses is not announced in the press release.
References:
Phoenix. com-Apple and Qualcomm, why did two American companies come to China to file a lawsuit?