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  • Apple likely paid Qualcomm between $5B and $6B to settle their licensing dispute, says UBS analyst Timothy Arcuri; he also estimates Apple will pay $8 to $9 in royalties for each shipped iPhone; if correct, the royalty rate is above the $7.50 the company previously paid for each device - Link

  • Uber’s autonomous car division raises $1B from Toyota, Denso, and SoftBank’s Vision Fund; the funding values Uber’s Advanced Technologies Group at $7.25B; comes ahead of next month’s planned IPO - Link

  • Streetwear fashion marketplace StockX is raising an unknown sum on a $1B post-money valuation, according to Recode sources; the investment will likely be led by DST Global with participation from GGV Capital; the deal is expected to close in the coming weeks; StockX lets users buy and sell branded sneakers, apparel, and more - Link

  • A China-based chipmaker jointly owned by Qualcomm and the provincial government of Guizhou is set to close, according to sources for The Information; Huaxintong Semiconductor ( HXT) will shut down by the end of this month; follows reports its output has slowed and the company’s CEO has been replaced; Qualcomm and Guizhou have together invested $570M since HXT was formed in 2016 - Link

  • Boston Dynamics showcases the production version of SpotMini, its first commercial robot; features cameras on the front and sides and a gripping arm; Boston Dynamics plans to produce ~100 units this year with production starting in July or August; unknown how much SpotMini will cost or who the first customers will be - Link


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