10:14 AM EST, 12/23/2024 (MT Newswires) -- Qualcomm ( QCOM ) won a partial victory in a Delaware federal court late last week, convincing a jury it did not violate terms of a license agreement with rival chipmaker Arm Holdings ( ARM ) when it incorporated semiconductor technology it acquired through its $1.4 billion acquisition of a chip startup in 2021.

UK-based Arm had argued Qualcomm ( QCOM ) was required to pay a higher licensing fee rate after it used Arm technology obtained through its 2021 purchase of Nuvia in its mobile-telephone processors. The jury, however, sided with Qualcomm ( QCOM ), ruling on two counts that Arm failed to provide enough evidence to prove Qualcomm's ( QCOM ) actions violated provisions of the Nuvia acquisition agreement.

The jury could not reach an unanimous decision on whether Qualcomm ( QCOM ) violated a separate technology pact it struck with Arm and the presiding judge declared a mistrial for that portion of the case.

In a statement Friday night, Qualcomm ( QCOM ) said it was pleased by the jury decision supporting its "right to innovate" as well as affirming the Qualcomm ( QCOM ) products at issue in the case were protected by its contract with Arm.

Qualcomm ( QCOM ) shares recently were climbing 1.9% while Arm was sinking 5.3% in Monday morning trade.

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