Qualcomm Chief Executive Officer Cristiano Amon said on Wednesday that Arm Holdings has withdrawn a threat to terminate Qualcomm's license agreement with the chip technology provider.

Arm threatened to axe Qualcomm's license to develop chips based on Arm's designs. But a recent court loss convinced Arm to throw in the towel.

Back in October, during the Snapdragon Summit, news broke that ARM was going to terminate its licensing agreement with Qualcomm. This was because ARM said

Wall Street is drifting Thursday as drops for Ford Motor and Qualcomm work against buoyant fashion and cigarette stocks. The S&P 500 was down 0.1% in late trading following healthy gains for stock markets across much of Europe and Asia.

Wall Street is drifting Thursday as gains for fashion brands and cigarette makers help offset drops for Ford Motor and Qualcomm following their latest profit reports. The S&P 500 rose

Wall Street is drifting Thursday as gains for fashion brands and cigarette makers help offset drops for Ford Motor and Qualcomm following their latest profit reports.