The two rivals have sued each other over a range of patent disputes in nine countries outside the US, including the UK, South Korea, Japan and Germany.
A joint statement said the agreement “does not involve any licensing arrangements”, and they would continue to pursue existing cases in US courts.
Apple and Samsung are the biggest players in the smartphone and tablet PC market.
They have been involved in a bitter legal battle, spread across various countries, which has escalated in recent years.
The legal wrangling between the two companies began in 2011 after Apple sued Samsung in the US.
Apple claimed that Samsung’s Galaxy range of phones and tablets “slavishly” copied its iPhone and iPad.
Samsung has since taken Apple to court in various countries, accusing it of infringing its patents.
These included patents on a way to synchronize photos, music and video files across several devices, and a method to capture and send video over the internet.
For its part, Apple filed counter claims in some of those countries – disputes which the two firms have now agreed to withdraw.
However, the main legal battle between the two companies is being fought in the US courts.
Apple has won two verdicts in the US against Samsung in recent years.
In May, a US court ordered Samsung to pay $119.6 million to Apple for infringing two of its patents. The amount was way less than the $2.2 billion that Apple had sought.
The court also ruled that Apple infringed Samsung’s patents and awarded $158,000 in damages.
However, Samsung denied any wrongdoing and sought $6 million after arguing Apple infringed two of its smartphone patents related to camera use and video transmission.
Two years ago, a separate jury ordered Samsung to pay Apple $1.05 billion in damages for infringing intellectual property.
The jury decided several Samsung devices had infringed iPhone-maker Apple’s software and design patents, but rejected counter-claims by Samsung. That verdict is still being challenged by Samsung.
LI2eXgnpiRgQuincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…
Misleading allegations, rumours and outright lies about voting and fraud are flooding online spaces in…
At least 158 people have died in Spain's worst flooding disaster in generations. On October…
Google has been fined two undecillion (a two followed by 36 zeroes) roubles by a…
Embarking on a home remodel is an exciting journey, promising enhanced comfort, increased property value,…
The US presidential candidates continued to campaign across key swing states on October 20. Footage…