Arm down after Qualcomm wins jury trial verdict

QUALCOMM Incorporated

13/10/2026 19:09

** Shares of chip designer ARM ARM.O down ~1% at $252.61 in volatile trading
** Chip firm Qualcomm QCOM.O says jury found ARM breached its long-standing Architectural License Agreement with Qualcomm
** A Delaware jury awards QCOM $2 in nominal damages after finding Arm Holdings breached the ALA agreement and intentionally sought to disrupt Qualcomm's business — QCOM spokesperson
** "We are pleased with jury's decision today finding for Arm on four claims and awarding only one dollar in damages on each of Qualcomm's other two claims," says ARM
** Shares of QCOM up 1.2% at $176.22 in afternoon trading
** Including session move, ARM up ~132% YTD

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))