BUZZ-Qualcomm rises on jury verdict of lawsuit filed by Arm

Reuters12-21 05:50
BUZZ-Qualcomm rises on jury verdict of lawsuit filed by Arm

** Chip designer Qualcomm QCOM.O rise ~2% to $156 in trading after the bell

** U.S.-listed shares of Arm Holdings ARM.O fall 1.7% to $129.9

** Eight-person jury in U.S. federal court finds QCOM properly licensed chips from ARM

** ARM filed a lawsuit claiming Nuvia, acquired by QCOM, breached licensing terms with co

** Jury also said QCOM chips made from Nuvia technology are properly licensed under its own agreement with ARM and QCOM can sell those chips

** Up to Friday's close, ARM was up 74.9% YTD and QCOM was up 5.7% YTD

(Reporting by Rishi Kant in Bengaluru)

((Rishi.Kant@thomsonreuters.com))

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