I think I would rather characterise it as hardball action by Qualcomm that got an expected response from Arm. The fact that Qualcomm told everyone except Arm in

I think I would rather characterise it as hardball action by Qualcomm that got an expected response from Arm. The fact that Qualcomm told everyone except Arm in advance of the Nuvia deal is a tell. I think settlement is unlikely - we are two years into the lawsuit. Arm really doesn’t want Oryon cores dominating - I think independent of price - and Qualcomm probably feels it has little to lose. (I’m the author of this post)