Qualcomm shares fall 4.5% after report of Arm threat to scrap key license in escalating dispute

Core Viewpoint - Qualcomm shares experienced a nearly 5% decline in premarket trading following reports that British chip designer Arm intends to cancel a significant license agreement with Qualcomm [1] Group 1: License Agreement - Arm has issued Qualcomm a 60-day notice regarding the cancellation of their architectural license agreement, which permits Qualcomm to design chips based on Arm's architecture [1] - The architectural license agreement is crucial as it allows Qualcomm to utilize Arm's blueprints for semiconductor design [1] Group 2: Market Reaction - The news of the potential cancellation has led to a notable drop in Qualcomm's stock price, indicating investor concern over the implications of losing the license [1] - Bloomberg's report has prompted CNBC to reach out to Qualcomm for comments, while Arm has chosen not to provide any remarks on the situation [1]