Shares in Taiwan's leading smartphone maker HTC surged by their daily 7.0 percent limit Monday after it announced it had reached a global patent settlement with US technology giant Apple.
The HTC logo is displayed on a billboard above a busy street in Taipei. The leading smartphone maker said Sunday it has reached a global settlement with Apple, bringing an end to all outstanding litigation between the two companies.
HTC climbed to Tw$241.5 ($8.33) as dealers welcomed the weekend deal with the iPhone maker which ends all outstanding litigation between the two companies. It closed at the same price.
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