Delaware jury finds Arm breached its contract with Qualcomm and interfered with chip business involving Meta

CNBC · 11 hours ago · 33 ● 2 sources

A Delaware jury found Arm Holdings breached a licensing agreement with Qualcomm and intentionally interfered with Qualcomm’s business relationship with Meta Platforms.Qualcomm received $2 in nominal damages from Arm. The verdict follows a prior shift in Arm’s business model since 2016, and it changes the companies’ standing while leading to small stock moves for both sides.