Qualcomm to continue supplying 5G chips for iPhones through 2026 under extended deal

Apple has relied on Qualcomm for iPhone 5G connectivity since the iPhone 12.
Apple's efforts to develop its own 5G modem have faced delays, forcing continued reliance on Qualcomm.
The new multi-year agreement covers iPhone launches in 2024, 2025, and 2026.
Qualcomm expects to supply only 20% of modems for 2026 iPhones, signaling Apple's gradual transition.
The deal extension allows Apple more time to ready its proprietary 5G modem amid challenges.