(Reuters) – Arm Holdings (NASDAQ:) Plc is cancelling an architectural license settlement that allowed companion Qualcomm (NASDAQ:) Inc to make use of the British chipmaker’s mental property to design chips, Bloomberg Information reported on Tuesday, citing a doc.
Arm has given Qualcomm a mandated 60-day discover of the cancellation of the licensing settlement, the report mentioned, including that the contract permits Qualcomm to create its personal chips based mostly on requirements owned by Arm.
Arm declined to touch upon the report, whereas Qualcomm didn’t instantly reply to a Reuters request for remark exterior common enterprise hours.
The report comes amid the continuing authorized battle between the 2 tech giants, which is scheduled to start within the federal courtroom in Delaware in December.
The British firm, which is majority-owned by Japan’s SoftBank (TYO:) Group, sued Qualcomm in 2022 for failing to barter a brand new license after it acquired a brand new firm.
The swimsuit revolves round know-how that Qualcomm, a designer of cellular chips, acquired from a enterprise referred to as Nuvia that was based by Apple (NASDAQ:) chip engineers and which it bought in 2021 for $1.4 billion.
