Arm, Qualcomm set to make closing arguments in legal spat

Arm, Qualcomm set to make closing arguments in legal spat: report
Lawyers representing Arm Holdings (NASDAQ:ARM) and Qualcomm (NASDAQ:QCOM) could make closing arguments in the legal dispute between the two tech companies on Friday, Reuters reported. Shares of both Arm and Qualcomm fell nearly 2% in late morning trading on Thursday.
Arm, Qualcomm to make closing cases in chip license dispute trial
Lawyers for Arm Holdings and Qualcomm are set to make closing arguments on Friday in a case that could upend Qualcomm's push into the PC market with a chip meant to rival Apple and Intel on speed. An eight-person jury in a U.
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Qualcomm Inc.’s chief executive officer told a jury that its business suffered when customers were misled by computer-chip designer Arm Holdings Plc about the companies’ licensing agreement for chip technology vital to the electronics ecosystem.
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Qualcomm acquired the chip design startup Nuvia in 2021. The acquisition has become the center of a heated intellectual property dispute between Qualcomm and Arm.
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ADR (ARM) stock saw a modest uptick, ending the day at $151.91 which represents a slight increase of $3.91 or 2.64% from the prior close of $148. The stock opened at $151.51 and touched a low of $150.
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