tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Jury finds Qualcomm did not breach Arm license in Nuvia deal, Bloomberg says

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.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1