Delaware jury awards Qualcomm $2 in damages, finds Arm breached license agreement

WILMINGTON, Delaware, ‌Oct 13 (Reuters) - ​Chip ​technology supplier Arm Holdings breached a licensing ‌agreement with Qualcomm and intentionally ⁠interfered with the chipmaker's business relationship ‌with Meta Platforms, ‌a Delaware jury found on Tuesday.

• The federal jury awarded ​Qualcomm nominal damages of just $2 from Arm, according ⁠to court records.

• Shares of Arm were ​down 1% following the verdict, while shares of Qualcomm rose ​1%.

• The verdict ‌followed a five-day trial last week, the second ⁠in two years between the companies that highlighted the deterioration ⁠of their business relationship after SoftBank ​Group acquired control of Arm in 2016 and Arm shifted from licensing ‌the technology needed to make chips to selling ‌chips of its own.

(Reporting ⁠by Anhata Rooprai ‌in Bengaluru; ​Editing by Jonathan Ananda, Franklin Paul and David ‌Gaffen)

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