Qualcomm

Qualcomm CEO Cristiano Amon informed employees that the company plans performance-based job cuts in November. The scope and specific target groups of the layoffs were not disclosed; those affected will be notified in November. Qualcomm cites weaker smartphone demand, price increases and a realignment of capabilities as reasons, despite expansion into areas such as server and AI chips. » More on heise.de

A jury in the US District Court for Delaware found that ARM breached obligations under the Architecture License Agreement (ALA) toward Qualcomm and unlawfully interfered with Qualcomm’s business with Meta, but awarded Qualcomm only symbolic damages of $1 each. At the same time, the jury decided that ARM did not breach TLA obligations for standard designs. The question of a contractual penalty remains open: Qualcomm is seeking relief from license payments for 2023–2027, which could save billions, and a judge must rule on additional claims. » More on heise.de

A jury found that Arm breached its architecture license with Qualcomm and willfully acted against Qualcomm’s business; damages were set symbolically at one dollar per claim. The key question about a possible five-year period without license payments and about payments for the new v10 architecture now rests with Judge Maryellen Noreika. Arm disputes the enforceability of the clause and has appealed an earlier ruling; financially Arm is more strained than Qualcomm. Qualcomm’s stock reacted slightly positively and is looking ahead to the quarterly results on November 4. » More on deraktionaer.de