Taiwan's leading smartphone maker HTC (IW 1000/291) said Sunday it has reached a global settlement with technology giant Apple (IW 500/9), bringing an end to all outstanding litigation between the two companies.

The deal includes a 10-year licensing agreement over patents, HTC said in a statement, without providing further details.

"HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation," HTC CEO Peter Chou said in the statement.

Apple CEO Tim Cook said: "We are glad to have reached a settlement with HTC."

"We will continue to stay laser focused on product innovation."

HTC and Apple were locked in more than 20 cases in the world including some pending the ruling of the International Trade Commission of the United States, according to an HTC official who spoke on condition of anonymity.

Technology giants have taken to routinely pounding one another with patent lawsuits. Apple has accused HTC and other smartphone makers using Google's Android mobile operating system of infringing on Apple-held patents.

"This is definitely a positive element to HTC, especially when it is being knocked by poor sales," Mars Hsu of Grand Cathay Securities told AFP.

"Unlike the lawsuits between Apple and Samsung focusing on the alleged infringement of iPhone outlook, the suits with HTC are more related to alleged technology infringements," he said.