In a shocking move that could have far-reaching consequences for the global supply chain, Arm Holdings, the UK-based chip architecture licensor, has reportedly issued Qualcomm, the San Diego-based Snapdragon producer, a 60-day notice of cancellation for chip design licensing. This development, first reported by Bloomberg, has sent ripples through the tech industry, as it could impact a majority of smartphone manufacturers who rely heavily on Qualcomm chips.

The notice is the latest salvo in a protracted battle between the two tech giants, which began with a dispute over contracts and trademarks that led Arm to sue Qualcomm. Qualcomm retaliated with its own lawsuit, and the situation has been escalating ever since.

Qualcomm has dismissed the notice as an attempt to disrupt the legal process, calling its claim for termination "completely baseless." However, the implications of this move are significant, and the tech community is watching with bated breath to see how this unfolds.