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I'm not sure Qualcomm plans to actually use the regulators to win on these arguments, but just as a tactic to continue to pressure ARM to drop their own case. Basically: "you're smaller than we are and we don't have to win but we'll drown you in counterclaims and regulatory complaints until you give up". I'm not sure if ARM is small enough to buckle under that, but that seems to be the strategy and I guess Qualcomm considers every bit of pressure to be a win.
Having a lot of experience representing Arm-sized and Qualcomm-sized companies, this isn’t going to do much to pressure Arm. What you’ll see, instead, is Arm raising antitrust counterclaims against Qualcomm around the world.