Qualcomm saw Nuvia buy as chance to save $1.4 billion a year on Arm fees, CEO tells jury

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WILMINGTON, Delaware : Internal Qualcomm documents showed the chip firm estimated it could eventually save as much as $1.4 billion a year on payments to Arm by purchasing a little-known startup in 2021, according to evidence shown at a trial on Wednesday.

Amon's testimony on Wednesday described how relations between Arm and Qualcomm, Arm's biggest customer, began to curdle years before the court dispute between the two firms.

That figure is far higher than the $50 million reduction in revenue from Qualcomm that Arm executives feared when the Nuvia deal was announced.

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Category: EconomyBusiness

Markets: SingaporeGermany

Topics: Nuvia Technology Payments Qualcomm Year 2021 Market Amon Computing Firm Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 07:22:39 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 667 words

Reading Time: 4 minutes read

Sentences: 26 lines

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Copyright Owner: © Channel News Asia

News ID: 24542385

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