Qualcomm Charges Arm For License And Trademark Dispute

Qualcomm Inc QCOM countersued Softbank Group Corp SFTBF SFTBY Arm Ltd over claims the chipmaker violated its licensing agreements and trademarks tied to a 2021 acquisition.
Qualcomm wanted a federal judge in Delaware to conclude it did not trample on Arm's licensing contracts as part of Qualcomm's $1.4 billion buyout of chip startup Nuvia Inc, Bloomberg reported.
Qualcomm aimed to challenge Intel Corp INTC and Advanced Micro Devices Inc AMD in the PC and laptop markets with the help of Nuvia's Arm-based designs.
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Some Qualcomm insiders privately complained that Arm's slacked innovation pace caused Qualcomm's chips to lag behind Apple Inc's AAPL processors in performance.
Qualcomm's lawyers alleged Arm of strong-arming Qualcomm into renegotiating the financial terms of the parties' longstanding license agreements, using this baseless lawsuit as leverage.
In the past, most of Qualcomm's chips relied on computing cores licensed directly from Arm, while Nuvia's cores use Arm's underlying architecture.
Price Action: QCOM shares traded lower by 0.99% at $116.94 on the last check Thursday.