The Marked Chart Wire · Series of events
Series of events · Qualcomm
Qualcomb wins Arm case, cuts staff
Qualcomm secured a legal win against Arm while announcing workforce reductions and facing stock drops.
Updated
The flow in 3 points
- Jury found Arm breached its license with Qualcomm
- Qualcomm to trim staff starting next month
- Shares dropped 11 percent to $164.79
What happened, in order
Times are Eastern-
Where it began
Court appearance
Qualcomm and Arm appeared in federal court over a contract dispute that could halt billions in royalty payments.
-
AI targets set
Qualcomm chief said major firms expect phones to handle large on-device AI systems within two years.
-
Turning point
Jury verdict
A jury ruled that Arm violated its licensing deal with Qualcomm, according to a statement from the chipmaker.
-
Staff cuts announced
Qualcomm will begin reducing its global workforce in November under CEO Cristiano Amon.
Read the story -
Latest
Stock falls
Qualcomm shares fell 11 percent to $164.79 following a warning from Intel regarding the personal computer market.
Read the story
How they connect
The legal dispute with Arm ended with a jury ruling in Qualcomm's favor, followed by the announcement of workforce reductions. Subsequently, the company's stock declined after Intel issued a market warning.
What to watch
- Workforce reduction starting next month
- Smartphones to handle 100-billion-parameter systems within two years
The stocks in this series
- QCOM▼-11.1%QUALCOMM60d$164.79
- ARM▼-10.0%Arm60d$205.97
- META▼-1.5%Meta60d$614.99
- NVDA▼-4.2%NVIDIA60d$204.64
- INTC▼-28.6%Intel60d$65.76
Prices from Based on Fri, Oct 30 close · Opens Mon 9:30 AM ET. Each tile opens the stock's chart and news.
A series is a short summary of connected news, for learning. Not verified and not advice. Check the full stories before you act.