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Delaware jury awards Qualcomm $2 in damages, finds Arm breached license agreement


Synopsis

A Delaware jury awarded Qualcomm $2 in nominal damages after finding Arm Holdings breached its architectural license agreement and intentionally sought to disrupt Qualcomm’s business, a Qualcomm spokesperson said on Tuesday.

Image for Delaware jury awards Qualcomm $2 in damages, finds Arm breached license agreementReuters
Qualcomm, one of the world’s largest suppliers ‌of smartphone chips, ⁠has increasingly ⁠sought to reduce its dependence on the cyclical handset market.
A Delaware jury awarded Qualcomm $2 in nominal damages after finding Arm Holdings breached its architectural license agreement and intentionally sought to disrupt Qualcomm’s business, a Qualcomm spokesperson said on Tuesday.

Arm’s shares were down more than 1% in afternoon trading.

Arm did not immediately respond to a Reuters request for comment.

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