Qualcomm Announces Arm Has Withdrawn License Breach Notice

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Qualcomm CEO Cristiano Amon announced on Wednesday that Arm Holdings has withdrawn its notice of a breach regarding Qualcomm’s license agreement. This followed a dispute over the technology used in Qualcomm’s personal computer chips. Arm had initially threatened to terminate the agreement in October due to concerns about Qualcomm’s chip technology.

Amon confirmed that Arm notified Qualcomm that it had withdrawn its breach notice and has no immediate plans to terminate the architecture license agreement. This announcement came during a conference call discussing Qualcomm’s first-quarter results.

In December, Qualcomm secured a favorable ruling in the ongoing dispute when a jury determined that Qualcomm’s personal computer chips were properly licensed under the existing agreement with Arm. However, the jury could not reach a unanimous decision on other aspects of the case, leading Arm to file for a new trial.

 

Workday Announces Layoffs of 1,750 Jobs Amid AI Investment Push

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Workday, a leading human capital management company, has announced plans to cut approximately 1,750 jobs, or 8.5% of its workforce, in an effort to allocate resources toward artificial intelligence (AI) development. This move is part of Workday’s strategy to adapt to a challenging macroeconomic environment, with high interest rates impacting tech budgets.

The news triggered a 4% jump in the company’s shares during premarket trading. CEO Carl Eschenbach emphasized that these layoffs are a necessary step to focus on AI investments and expand Workday’s global presence.

The human capital management industry is currently dealing with slower spending from enterprise clients, further complicating the business landscape. Workday expects to incur between $230 million and $270 million in charges due to the layoffs, with $60 million to $70 million recognized in the fourth quarter. As of January 31, the company employed roughly 18,800 people.

The company is facing increased competition as the industry consolidates. Recently, Paychex announced its acquisition of Paycor for $4.1 billion, and ADP purchased WorkForce Software for $1.2 billion.

Despite the layoffs, Workday is optimistic about its financial performance. The company expects its fourth-quarter and full-year financial results to meet or exceed previous forecasts, with subscription revenue expected to reach $7.70 billion for the year and $2.03 billion for the fourth quarter, aligning with analyst predictions. Workday also plans to close certain office spaces as part of its cost-reduction measures, with the initiatives expected to be completed by the second quarter of fiscal 2026.

 

TikTok’s Chinese Owner Appears to Delay Sale Negotiations, Awaiting Chinese Government Approval

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TikTok’s parent company, ByteDance, seems to be delaying the sale of the popular short video app as it awaits approval from the Chinese government, according to a report by the Washington Post. Despite efforts by President Donald Trump’s allies to broker a deal to sell TikTok to an American buyer, ByteDance appears to be stalling negotiations.

The Chinese government is expected to take a hard-line stance, possibly allowing TikTok’s U.S. operations to shut down rather than approving a sale. China reportedly hopes to leverage the situation into a broader deal with the Trump administration that includes significant concessions on trade and technology policy.

This development comes amid escalating tensions between the U.S. and China, as the trade war intensifies. In retaliation to U.S. tariffs on Chinese imports, China imposed its own tariffs on U.S. goods. Meanwhile, TikTok, which has 170 million American users, was temporarily removed from app stores in the U.S. just before a law that would have mandated its sale took effect on January 19.

Trump signed an executive order the day after taking office, delaying enforcement of the law for 75 days. The legislation was introduced on national security concerns over the potential misuse of American user data by ByteDance.