Jurors in federal court in Delaware determined that Qualcomm (QCOM) did not break the terms of an agreement covering Arm‘s (ARM) chip designs that was part of the $1.4B buyout of Nuvia by incorporating the technology in its products without paying a bigger licensing rate, Bloomberg’s Jef Feeley reports. Jurors could not agree over whether Nuvia breached the license, resulting in Qualcomm’s victory, the author notes. Qualcomm shares are up 2.3% in after-hours trading.
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Read More on QCOM:
- Jury finds Qualcomm did not breach Arm license in Nuvia deal, Bloomberg says
- Qualcomm jumps 3% to $157 after jury finds Arm license not breached
- Qualcomm CEO told jury business suffered due to Arm, Bloomberg says
- Nvidia’s AI business colliding with U.S.-Chinese tensions, NY Times reports
- Qualcomm Has a Lot to Lose in Its Legal Battle with Arm
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
