FILE PHOTO: Qualcomm logo is during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay/File Photo
WILMINGTON, Delaware (Reuters) - Internal Qualcomm documents showed the chip firm estimated it could eventually save as much as $1.4 billion a year on payments to Arm by purchasing a little-known startup in 2021, according to evidence shown at a trial on Wednesday.
The projection surfaced while Qualcomm CEO Cristiano Amon was testifying to a jury in Delaware federal court about his firm's rationale for purchasing Nuvia for $1.4 billion in 2021.
