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Qualcomm Inc. (NASDAQ:QCOM) bagged a key win in its legal battle against semiconductor design company Arm Holdings Plc. (NASDAQ:ARM).What Happened: A federal jury in Delaware ruled that Qualcomm did not violate its licensing agreement with Arm, clearing a hurdle for the San Diego, California headquartered chipmaker.Qualcomm's win was the result of a mistrial after the jury could not resolve one of the three questions put before it for deliberation. This means Arm can take Qualcomm to the court once again in the future.While the ruling said Qualcomm did not breach its licensing agreement with ...Full story available on Benzinga.com

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21.12.24 08:15

by benzinga.com

Google Announces Major Layoffs As Pichai Stresses Efficiency

Google (NASDAQ:GOOGL) has reduced its top management roles by 10% as part of a multi-year effort to streamline operations and boost efficiency.What Happened: On Wednesday, CEO Sundar Pichai revealed during an all-hands meeting that the move reflects Google’s broader push to simplify its structure and adapt to a rapidly evolving tech landscape.According to employees who attended the meeting, Pichai explained that the efficiency drive included changes to managerial, director, and vice president roles. Some positions were restructured to nonmanagerial roles, while others were eliminated entirely. The changes align with Pichai's 2022 statement that he ...Full story available on Benzinga.com