Feb 5 (Reuters) - Qualcomm ( QCOM ) Chief Executive

Officer Cristiano Amon said on Wednesday that Arm Holdings

has withdrawn a threat to terminate Qualcomm's ( QCOM ) license

agreement with the chip technology provider.

Arm in October threatened to terminate Qualcomm's ( QCOM ) license

agreement amid a dispute over technology that powers Qualcomm's ( QCOM )

personal computer chips. Qualcomm ( QCOM ) said that threat has been

withdrawn.

"Arm recently notified us that it was withdrawing its

October 22, 2024 notice of breach, and indicated that it has no

current plan to terminate the Qualcomm ( QCOM ) architecture license

agreement," Amon told analysts on conference call on Wednesday,

discussing the company's first-quarter results.

In December, Qualcomm ( QCOM ) won key aspects of a trial in the

underlying dispute, with a jury finding that Qualcomm's ( QCOM ) personal

computer chips are properly licensed under its license agreement

with Arm.

The jury, however, could not reach a unanimous verdict

on other questions presented at the trial, and Arm has filed a

motion for a new trial.