HTC and Apple have reached a global settlement that includes the dismissal of all current lawsuits and a ten-year license agreement.

The license extends to current and future patents held by both parties. The terms of the settlement are confidential.

“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, in a joint statement.

“We are glad to have reached a settlement with HTC,” said Tim Cook, CEO of Apple, in the statement. “We will continue to stay laser focused on product innovation.”

Source: Apple Inc., HTC

Reuters reports, “Shares of HTC Corp jumped by their permitted daily limit on Monday after the Taiwanese smartphone maker and Apple Inc announced a global patent settlement and 10-year licensing agreement. The shares were up 6.86 percent at T$241.50 in broader market that opened up 0.15 percent.”

Brief article in full here.