A Delaware jury found Arm breached its architectural license agreement with Qualcomm. It also ruled Arm intentionally interfered with Qualcomm’s business relationship with Meta. The jury awarded Qualcomm $2 in nominal damages. Arm shares fell 1% after the verdict. Qualcomm shares rose 1%. The trial lasted five days. It was the second between the companies in two years. Their relationship deteriorated after SoftBank acquired Arm in 2016. Arm shifted from licensing chip technology to selling its own chips.
What changed
Arm and Qualcomm had a valid architectural license agreement in place.
What it unlocks
Qualcomm can pursue further legal action against Arm for breach of contract.
- $2 nominal damages
- 5-day trial
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