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Arm down after Qualcomm wins jury trial verdict

By Reuters News4 hours ago Updated

** Shares of chip designer ARM 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

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