Stockreport
Why Arm Holdings Stock Sank Today [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
The decline comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 1.1% and 2%, respectively. The key semiconductor player is facing a global antitrust challenge from one of its most important customers. Qualcomm launched a global antitrust campaign against Arm Holdings, filing complaints with competition authorities on three continents. The mobile chip giant has submitted confidential filings to the European Commission, U.S. Federal Trade Commission, and Korea Fair Trade Commission, alleging Arm has anticompetitive practices. Qualcomm alleges that Arm has moved from an open licensing model that it says fostered growth in the past to a restrictive approach that stifles competition. Arm makes its money by licensing its valuable IP to other chipmakers that produce their own chips. Qualcomm has been a major client of Arm's for many years. Arm defended its practices, calling Qualcomm's allegations "a desperate attempt" to "detract from the merits and
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