This legal showdown, which began when Arm sued Qualcomm in 2022, revolves around the company's use of Arm's intellectual property in its Nuvia-designed chips for PCs and AI-based laptops. Arm contends that Qualcomm should have renegotiated its licensing agreement post-acquisition,

Arm Holdings ($ARM) is canceling a crucial license that has allowed Qualcomm ($QCOM) to use Arm’s intellectual property to design its chips,

Update: Adds Qualcomm stock move in premarket trade.  Arm Holdings (NASDAQ:ARM) is scrapping an architectural license deal that allows Qualcomm (NASDAQ:QCOM) to use its intellectual property to design chips,