Investing.com — Qualcomm scored a significant authorized victory on Friday when a U.S. jury decided that the corporate did not violate its licensing settlement for UK-based Arm ‘s chip designs following its acquisition of Nuvia.
Arm had argued that Qualcomm ought to have renegotiated the present settlement with Nuvia after buying the startup. The British chip designer needed Qualcomm to destroy the designs it obtained via the acquisition.
However Qualcomm contended that it already had a separate license for Arm know-how that coated its work. Nuvia’s know-how is essential to Qualcomm’s push into the pc processor market.
The jury was unable to succeed in a consensus on whether or not Nuvia itself had breached its license settlement.
Qualcomm Included (NASDAQ:QCOM) was up 1.8% in afterhours buying and selling Friday, whereas Arm Holdings ADR (NASDAQ:ARM) was down 1.7%.
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