A Delaware jury ruled that Qualcomm had a valid license to use Arm’s basic chip architecture for central processors it developed with the acquisition of a startup called Nuvia in 2021. The ruling paved the way for Qualcomm to continue selling those chips, which are at the heart of a range of devices including Microsoft Surface laptops. Qualcomm’s stock rose 1.8% in after-hours trading, while Arm’s stock fell 1.7%.
Asa Fitch is a reporter at The Wall Street Journal. He focuses on themes related to technology, finance, and artificial intelligence, covering topics such as AI, markets, and consumer tech. Asa has been featured in prominent publications including The Wall Street Journal, MarketWatch, Financial News, LiveMint, and Yahoo Finance.