Qualcomm CEO also mentioned his agreements with Apple in his report for the first fiscal quarter of 2024. Qualcomm will continue to license 5G modems to Apple until March 2027.

In its first financial report in 2024, Qualcomm said that they extended Apple's modem chip licensing agreement with Qualcomm until March 2027. Apple's current deal has been extended for two years, so we'll continue to see Qualcomm modems in the next few iPhone models.

Apple has not yet commented on the extended agreement with Qualcomm. The technology giant has been trying to develop its own 5G modems to replace Qualcomm's modems for years. The company acquired Intel's modem division in 2019 in a $1 billion deal. This acquisition gave Apple more than 17,000 patents and more than 2,200 Intel employees. However, Apple has experienced problems in the development of 5G modems. Prototypes failed to outperform Qualcomm's modems in terms of performance and efficiency.

The iPhone 16 Pro models, which will be released in 2024, are said to use Qualcomm's Snapdragon X75 modem with improved carrier aggregation and more efficient transceiver.