JHVEPhoto A federal jury found that Qualcomm (NASDAQ:QCOM) did not breach Nuvia's license agreement with Arm Holdings (NASDAQ:ARM). The eight-person jury in the Delware federal court added that Qualcomm's custom CPUs, which are used in Microsoft (MSFT) PCs, are licensed legally as part of its existing deal with Arm. Qualcomm shares rose 2.2% in extended trading on Friday, while Arm tumbled 1.8%. \"We are pleased with today’s decision,\" Qualcomm General Counsel and Corporate Secretary Ann Chaplin said in a statement. \"The jury has vindicated Qualcomm’s right to innovate and affirmed that all the Qualcomm products at issue in the case are protected by Qualcomm’s contract with ARM. We will continue to develop performance-leading, world class products that benefit consumers worldwide, with our incredible Oryon ARM-compliant custom CPUs.\" Arm did not immediately respond to a request for comment from Seeking Alpha. The spat stemmed from whether Qualcomm-owned Nuvia breached a licensing agreement with Arm. While Nuvia and Qualcomm are licensors of Arm's technology, Qualcomm believed its acquisition of Nuvia would allow it to pay lower royalties than it had previously, something Arm objected to. Arm sued Qualcomm in 2022 over the matter and canceled its chip license earlier this year as a result of the matter. San Diego-based Qualcomm purchased Nuvia in March 2021 for $1.4B and said at the time it expected to integrate Nuvia's products \"across a wide portfolio of products,\" including smartphones, laptops, advanced driver assistance systems and infrastructure networking solutions. (This story has been updated to include Qualcomm's statement.)