Arm Withdraws Qualcomm Threat

This is a San Francisco news story, published by Yahoo Finance (Canada), that relates primarily to Qualcomm news.

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Qualcomm

Reuters

•

Technology

Qualcomm says Arm has withdrawn breach claims, has no plans to terminate license deal

Summary

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80% Informative

In This Article: ( Reuters ) - Qualcomm's Chief Executive Officer Cristiano Amon on Wednesday said Arm Holdings has withdrawn a threat to terminate Qualcomm's license agreement with the technology provider. Arm in October threatened to terminate Qualcomm 's license agreement amid a dispute over technology that powers Qualcomm 's personal computer chips. In December , Qualcomm won at trial in the dispute. During Qualcomm's quarterly earnings call on Wednesday , Amon said Arm had withdrawn its threat and has "no current plan" to terminate Qualcomm's license agreement with Arm. (Reporting by Stephen Nellis in San Francisco ; Editing by Chris Reese ).