HTC and Apple have reached a global settlement that includes the dismissal of all current lawsuits and a ten-year license agreement.
The terms of the settlement are confidential, but there have been claims that the settlement includes payments from HTC to Apple. However, an HTC statement said the deal was not expected to have "an adverse material impact on the financials of the company".
The license extends to current and future patents held by both parties, and closes down a war that started around two years ago when Apple accused HTC of copying the iPhone. HTC subsequently accused Apple products of infringing patents that it held.
Not too surprisingly, both companies welcomed the end to a war that has focused on purported patents rather than actual products.
"HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation," said Peter Chou, CEO of HTC.
"We are glad to have reached a settlement with HTC," said Tim Cook, CEO of Apple. "We will continue to stay laser focused on product innovation."
The settlement leaves Apple with several other fights still on its hands though, most notably those with Samsung and Google-owned Motorola.