The chip technology company Arm has given Qualcomm 60 days notice, according to Bloomberg. Arm has reportedly canceled a license granted to Qualcomm to design chips based on its chip technology, according to a Bloomberg report on Tuesday.

Arm Ltd. has notified its licensee Qualcomm, informing the company that its architectural license will be terminated in 60 days — the agreement that allows Qualcomm to manufacture the Oryon CPU cores at the heart of the Snapdragon X Elite chip.

Arm Holdings Plc , is cancelling an architectural license agreement that allowed partner Qualcomm Inc to use the British chipmaker's intellectual property to design chips, Bloomberg News reported on Tuesday,

The UK-based company has provided Qualcomm with a mandatory 60-day cancellation notice, as reported by Bloomberg. This license permitted Qualcomm to design chips based on Arm’s proprietary standards.

The dispute between Qualcomm and Arm has escalated with the latter canceling Qualcomm’s ability to use the instruction set for designing chips.

The cancellation escalates a legal dispute between two major companies that helped advance the smartphone industry.

Arm Holdings Plc is canceling a license that allowed longtime partner Qualcomm Inc. to use Arm intellectual property to design chips, escalating a legal dispute over vital smartphone technology.

Qualcomm brands ploy as 'unfounded' cash grab Chip designer Arm has reportedly warned chipmaker Qualcomm it will soon cancel its license to produce processors using its IP.… News of that drastic step emerged on Tuesday in a Bloomberg report that claims the newswire has seen an Arm document sent to Qualcomm that warns its architectural license will be cancelled in 60 days.