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Arm to Appeal Court Ruling Upholding Qualcomm’s Victory in Licensing Dispute

Arm announced on Tuesday that it will appeal a U.S. federal court decision that upheld Qualcomm’s jury victory in a long-running dispute over processor licensing rights, marking the latest escalation in a case with major implications for the semiconductor industry.

The dispute centers on central processor units (CPUs) designed by Qualcomm’s subsidiary Nuvia, which Arm claimed were produced using its technology without proper authorization. In 2023, a Delaware federal jury ruled that Qualcomm’s CPUs were properly licensed under an existing agreement with Arm, handing a key win to the U.S. chipmaker.

The jury sided with Qualcomm on two of three counts, while deadlocking on the third, leading Judge Maryellen Noreika to declare a mistrial on that issue. Arm later sought to have the favorable verdicts for Qualcomm overturned or to secure a new trial, but the judge rejected both requests.

“Arm remains confident in its position in its ongoing dispute with Qualcomm and will immediately file an appeal seeking to overturn the judgment,” the British chip designer said in a statement.

Qualcomm welcomed the decision, framing it as a validation of its innovation rights.

“Our right to innovate prevailed in this case, and we hope Arm will return to fair and competitive practices in dealing with the Arm ecosystem,” said Ann Chaplin, Qualcomm’s general counsel.

The ruling underscores tensions between Arm’s new licensing model and major semiconductor firms that depend on its architecture. Arm provides fundamental chip technology used in processors made by Qualcomm, Apple, and MediaTek, which power billions of smartphones and connected devices worldwide.

The appeal sets the stage for a closely watched legal battle that could influence how chipmakers access and use Arm’s core intellectual property in future CPU designs.

Intel Seeks Investment from Apple Amid Turnaround Push, Report Says

Intel has approached Apple about a potential investment, according to a Bloomberg News report on Wednesday citing people familiar with the matter. The discussions, which also cover ways to work more closely together, are still in the early stages and may not result in a deal. Intel shares closed up 6% following the news.

Intel declined to comment, while Apple has not responded to requests.

The report follows Nvidia’s $5 billion investment for roughly a 4% stake in Intel, announced earlier this week. That deal included plans for the companies to co-develop PC and data center chips, though Nvidia will not use Intel’s foundry business to manufacture its chips.

Intel CEO Lip-Bu Tan has been actively pursuing partnerships as part of efforts to revive the struggling chipmaker. Once a dominant force in the semiconductor industry, Intel has fallen behind in the AI boom to rivals like Nvidia and AMD.

Recent backing has boosted investor confidence: Intel secured a $10 billion government stake engineered by the White House, a $2 billion equity investment from SoftBank last month, and Nvidia’s multi-billion-dollar deal. Since mid-August, Intel’s stock has risen more than 40%.

A potential investment from Apple would add another vote of confidence. Apple was once a major Intel customer before shifting to its own custom-designed silicon in 2020. For Apple, a deal could help diversify its reliance on Taiwan’s TSMC, its primary chip manufacturer, particularly given geopolitical tensions with China.

The move would also align with Apple’s broader U.S. strategy, with the company committing $600 billion in domestic initiatives over the next four years. Strengthening ties with Intel could bolster Apple’s relationship with the Trump administration, which has supported efforts to cement U.S. leadership in advanced technology.

The White House said it has not been directly involved in discussions between Intel and Apple, though a spokesperson emphasized: “The taxpayer has an equity stake in Intel succeeding, and the Administration supports iconic American companies like Intel doing what’s best to cement American tech dominance.”

Intel has reportedly reached out to other potential partners as well, as it works to secure outside investment and long-term clients for its manufacturing facilities.

Micron tops forecasts with AI-fueled HBM demand, sees strong Q1 revenue

Micron Technology projected first-quarter revenue of $12.5 billion ± $300 million, well above Wall Street’s estimate of $11.94 billion, as booming demand for its high-bandwidth memory (HBM) chips drives growth amid the AI race.

AI demand supercharges Micron

  • Q4 HBM revenue hit nearly $2 billion, putting Micron on pace for ~$8B annually, CEO Sanjay Mehrotra said.

  • HBM chips, built by stacking DRAM vertically, reduce power use while enabling massive data processing — making them indispensable for training and running advanced AI models.

  • Micron is a key HBM supplier to Nvidia, whose dominance in AI accelerators makes HBM supply one of the most competitive battlegrounds in semiconductors.

2026 outlook already sold out

  • Micron expects to lock in deals for all 2026 HBM capacity in the coming months.

  • HBM3E pricing agreements are nearly complete; HBM4 pricing talks are ongoing.

  • “The pricing on HBM4 is actually significantly higher than the pricing on HBM3E,” said Chief Business Officer Sumit Sadana, citing tight supply and strong ROI expectations.

  • TSMC will partner with Micron to manufacture the base logic die for its HBM4E chips.

Financial performance

  • Adjusted Q4 EPS: $3.03, topping forecasts.

  • Adjusted gross margin forecast (Q1): 51.5%, far above expectations of 45.9%.

  • Analysts said stronger-than-expected pricing drove the margin boost.

U.S. policy and subsidies

  • Micron has received $6.2B under the CHIPS and Science Act, passed under former President Joe Biden.

  • Current Commerce Secretary Howard Lutnick is exploring converting subsidies into equity stakes in chipmakers, but Sadana said Micron does not expect its grant terms to change.

  • Micron recently received a disbursement after completing a milestone at its Idaho fab, Mehrotra confirmed.

Big picture

Micron is riding the wave of AI-driven chip demand, securing long-term contracts at higher prices while boosting profitability. With HBM4 set to command premium pricing, Micron is positioning itself as a critical player alongside Nvidia, Samsung, and SK Hynix in the global AI supply chain.