In a completely unexpected twist to what was shaping up to be a colossally dull never-ending global lawsuit, Apple and Qualcomm have reached a settlement that means both sides can work together, at least for the next six years.Apple settles with Qualcomm The two companies announced their new détente in a press release, titled: &Qualcomm and Apple agree to drop all litigation.& You can read it in full here, but it really is as short as the below:The companies have ended litigation worldwide. This ending of hostilities extends to manufacturing partners. The companies have reached a global licensing deal. That deal extends for six years and includes a two-year option to extend. They have reached a chipset supply agreement. Apple has paid Qualcomm an undisclosed sum. Reaction to the deal has been positive.

Qualcomm stock is spiking (up over 20%) at time of writing, while Apple has climbed a few points in anticipation of what this might mean for its future mobile product plans.