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
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