Qualcomm processors properly licensed from Arm, US jury finds
Arm Holdings' lawsuit against Qualcomm ended on Friday with a jury delivering a mixed verdict that found for Qualcomm on a crucial issue, saying Qualcomm had properly licensed its central processor chips.
Arm's shares were down 1.9% in extended trading after the news, and Qualcomm's shares were up 2.3%.
Major loss for Arm, who started this whole thing, and now have nothing to show for, while also pissing off their customers (Qualcomm obviously, but probably also many others).
https://finance.yahoo.com/news/us-jury-deadlocked-arm-trial-193123626.htmlOpen linkView original on lemm.ee
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A seemingly big failure for ARM, they go after one of their own clients and then lose their case against them.
Yeah. The whole move imo was already a play for short term profits over long term considerations regardless of the outcome. I guess after the sale to nvidia fell through Softbank wanted to make some fast money?
For what it's worth they are seemingly seeking a retrial source.
And on a side note i am quite fascinated how fast those Delaware courts are handlying big cases like these. Something i also noticed during the twitter sale.