The Hindu reported that a Delaware jury awarded Qualcomm $2 in nominal damages, which is a token sum. A Qualcomm spokesperson said on Tuesday that the jury found Arm Holdings broke its architectural license agreement with Qualcomm. The spokesperson also said the jury found that Arm intentionally tried to disrupt Qualcomm's business. The Hindu added that Arm's shares were down more than 1% in afternoon trading.
The sources leave a lot open. They do not say what the license terms were or how the jury believed Arm broke them. They do not say whether any other remedy was ordered, or whether either company plans to appeal. The only account of the verdict comes from Qualcomm's spokesperson. The Hindu said Arm did not immediately answer a Reuters request for comment. The report does not say what caused the share price move.
The jury found a breach in a license deal between two major chip companies. People who build or buy software on chips from either firm may want to watch for Arm's response and for details of the ruling.