KEY TAKEAWAYSQualcomm shares are falling in premarket trading Wednesday following a report that Arm Holdings is canceling a license that allows the British chip designer’s intellectual property in the U.S. company’s chips.Bloomberg reported that Arm has given Qualcomm a 60-day notice that would trigger the end of their “architectural license agreement."Qualcomm’s processors are in most Android smartphones, the report said, and a cancellation of the license could put $39 billion of its revenue at risk.J.P. M ...