FT News Briefing Arm and Qualcomm head to court
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Dec 16, 2024 Germany is bracing for a no-confidence vote that could reshape its political landscape. Meanwhile, the high-stakes showdown between Arm and Qualcomm over chip design licensing is set to go to trial, stirring up serious allegations. The London Stock Exchange is experiencing a significant exodus, marking its worst year since the financial crisis. On Wall Street, a surge in demand for complex financial products is attracting investors, but comes with notable risks amidst market volatility.
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Chip Industry Legal Battle
- Qualcomm and Arm, usually allies, are in a legal battle over licensing after Qualcomm's Nuvia acquisition.
- The dispute centers on Arm's intellectual property and the terms of the licensing agreement.
Arm's Nuclear Option
- Arm is demanding destruction of Qualcomm's Nuvia-based technology instead of monetary damages.
- This could severely impact Qualcomm's product lines for PCs, smartphones, and cars.
London Stock Exchange Exodus
- 88 companies have left the London Stock Exchange in 2024, the worst since the 2008 financial crisis.
- Companies cite New York's deeper investor pool and better liquidity outlook as reasons.