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The Latest Breaking News from Qualcomm Inc

Softbank's Masayoshi Son Emphasizes Chances Of US Listing For Arm

Softbank Group Corp (OTC:SFTBY) founder and CEO Masayoshi Son stressed the possibility of British-based chip designer unit Arm Ltd listing on Nasdaq pending a final decision, Reuters reports. "Most of Arm's clients are based in Silicon Valley and ... stock markets in the U.S. would love to have Arm," Son told at the annual…

Mizuho Sees Qualcomm, Qorvo, Skyworks Well Positioned For Global 5G Ramps Amid Odds - Read Full Take

Mizuho Sees Qualcomm, Qorvo, Skyworks Well Positioned For Global 5G Ramps Amid Odds - Read Full Take

Mizuho analyst Vijay Rakesh reiterated Buy on Qualcomm Inc (NASDAQ:QCOM), Qorvo, Inc (NASDAQ:QRVO), and Skyworks Solutions, Inc (NASDAQ:SWKS). However, he slashed the price targets of Qualcomm from $185 to $168 (34% upside), Qorvo from $128 to $110 (12% upside), and Skyworks from $170 to $150 (62% upside). His checks into the handset supply chain indicated downside risk…

Key Takeaways From Apple's Antitrust Lawsuit In UK

Key Takeaways From Apple's Antitrust Lawsuit In UK

Market researcher Justin Gutmann prosecuted Apple Inc (NASDAQ:AAPL) on behalf of the U.K. iPhone users for allegedly misleading customers on a controversial power management tool, Bloomberg reports. Gutmann alleged Apple abused its influence to conceal a power management tool in the updates to hide the phone batteries' inefficiency in handling the new software's…

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Qualcomm Wins EU Antitrust Lawsuit Which Has An Apple Connection

Qualcomm Inc (NASDAQ:QCOM) clinched victory against a €997 million ($1.05 billion) penalty slapped by EU antitrust regulators, Reuters reports. The EU imposed the fine four years back for paying Apple Inc (NASDAQ:AAPL) to use only its chips and block out rivals like Intel Corp (NASDAQ:INTC). Also Read: Qualcomm Agrees To Work With Europe's Foundry Partners: Reuters The European Commission…

Key Takeaways From Baidu's First EV Launch

Baidu, Inc (NASDAQ:BIDU) electric vehicle arm Jidu Auto launched a "robot" concept car via an online press conference held on Baidu's metaverse-themed app Xirang. It is the first vehicle to be revealed by a Chinese internet company. The concept car is free of door handles and is fully controlled via voice recognition, Reuters reports.…

Qualcomm Chief Sees Prospects In High-End Smartphones, Meta Partnership Thanks To Augmented and Virtual Reality

In an interview at the World Economic Forum, Qualcomm Inc (NASDAQ:QCOM) CEO Cristiano Amon talked about growth as consumers increasingly chased "better phones," Reuters reports. Qualcomm's share with devices like the Samsung Galaxy grew from 40% share to over 75%. Qualcomm's technology powers augmented and virtual reality devices, including those made by Facebook…

EXCLUSIVE: Qualcomm CFO Sees 'Limitless' Opportunity Ahead In Cloud Connectivity

The world is in the midst of a digital transformation and Qualcomm Inc (NASDAQ: QCOM) is at the center of it.

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Qualcomm Shares Are Rising: Here's Why

Qualcomm Shares Are Rising: Here's Why

Qualcomm Inc (NASDAQ: QCOM) shares are trading higher Thursday after the company reported better-than-expected financial results and issued guidance above analyst estimates.

How Netgear's Revenue Revision Will Affect Broadcom, Qualcomm And Others

How Netgear's Revenue Revision Will Affect Broadcom, Qualcomm And Others

Today, Netgear Inc (NASDAQ:NTGR) slashed its 1Q revenue outlook by 11% to $207 million at the midpoint from $232 million prior. The revision reflected, "The U.S. consumer WiFi market, which had exited 2021 at ~15% above 2019 levels, declined in the first quarter of 2022, ending roughly flat to 2019 levels. The decline in…

Mizuho Slashes Qualcomm Price Target - Read Why

Mizuho Slashes Qualcomm Price Target - Read Why

Mizuho analyst Vijay Rakesh lowered the price target on Qualcomm Inc (NASDAQ:QCOM) to $185 from $210 (35.1% upside) and kept a Buy rating. The first half of 2022 brings "multiple headwinds" to China handset manufacturers from weaker 5G demand, extended COVID lockdowns, and a more competitive Apple Inc (NASDAQ:AAPL) iPhone. The headwinds are driving potentially increased radio…

Borqs Shares Soar After Revised Licensing Deals With Qualcomm

Borqs Shares Soar After Revised Licensing Deals With Qualcomm

Borqs Technologies Inc (NASDAQ:BRQS) forged revised licensing agreements with Qualcomm Inc (NASDAQ:QCOM). Borqs is a global provider of 5G wireless solutions, Internet of Things (IoT) solutions, and innovative clean energy. The agreements include purchasing the 5G patent licensing. These agreements enable Borqs to design and manufacture 5G products based on Qualcomm's latest technologies for customers…

Stellantis, Qualcomm Partner To Power Vehicle Platforms With Snapdragon Digital Chassis Solutions

Stellantis, Qualcomm Partner To Power Vehicle Platforms With Snapdragon Digital Chassis Solutions

Stellantis NV (NYSE:STLA) and Qualcomm Inc (NASDAQ:QCOM) forged a multi-year technology collaboration. The financial terms of the arrangement were not disclosed. The alliance will help Stellantis merge all software domains into High-Performance Computers, leveraging the high-performance, low-power Snapdragon Automotive Platforms across all significant vehicle domains. The companies look to utilize the latest Snapdragon Digital Chassis…

Meta Selects Qualcomm Chips For Ray-Ban Smart Glasses

Meta Selects Qualcomm Chips For Ray-Ban Smart Glasses

Meta Platforms Inc (NASDAQ:FB) looked forward to an alternative chip from Qualcomm Inc (NASDAQ:QCOM) for the second model of the company's Ray-Ban smart glasses, the Information reports. Meta targeted far greater control over its products' features, size, and battery life to compete with Apple by building its own power-efficient AR and VR chips. Also…

JPMorgan Remains Bullish On This Chipmaker Despite Slashing Price Target By 15% - Read Why

JPMorgan Remains Bullish On This Chipmaker Despite Slashing Price Target By 15% - Read Why

JPMorgan analyst Samik Chatterjee lowered the price target on Qualcomm Inc (NASDAQ:QCOM) to $205 from $240 (39.5% upside) and kept an Overweight rating on the shares. The analyst moderated earnings estimates for Qualcomm, primarily led by a change to his QTL revenue estimates and slight moderation in both QCT revenue and margins. These changes' net…

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Qualcomm Completes Arriver Acquisition From SSW Partners, Boosting Presence In Autonomous Driving

Qualcomm Inc (NASDAQ: QCOM) completed the acquisition of Arriver from SSW Partners. The financial terms of the transaction remain undisclosed.

Read Why Qualcomm Failed To Mark AI Chip Debut With Meta

Leading mobile phone processor supplier Qualcomm Inc (NASDAQ:QCOM) looked to tap its energy efficiency expertise to break into the fast-growing market for the artificial intelligence chips used in data centers in 2019, the Information reports. Qualcomm wooed Meta Platforms Inc (NASDAQ:FB) to make Facebook’s owner the flagship customer for Qualcomm’s first AI data center chip,…

High-Quality Tech Investors Will Be Rewarded Come Earnings Season: Some Stocks To Consider

Investors who focus on high-quality technology stocks will be rewarded come earnings season, according to Douglas C. Lane & Associates' Sarat Sethi. That's why he picked up shares of Qualcomm Inc (NASDAQ: QCOM) on the pullback.

Veoneer Appoints Jacob Svanberg As CEO

Veoneer Inc (NYSE:VNE) announced that, in connection with the previously announced merger agreement with SSW and Qualcomm Inc (NASDAQ:QCOM), the parties have agreed that the closing of the merger will take place on April 1, 2022. The new owners plan to appoint Jacob Svanberg as the company's new CEO. Related: Qualcomm Beat Magna International…

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TSMC Sees Demand Spike For Auto Chips Thanks To Tesla, Nvidia, Qualcomm, Intel

Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) saw orders for automotive electronics chips accelerating at a faster-than-expected pace, Digi Times reports. TSMC's advanced technology leadership will likely attract an influx of AI chip orders for autonomous driving from vendors including NVIDIA Corp (NASDAQ:NVDA), Qualcomm Inc (NASDAQ:QCOM), Intel Corp (NASDAQ:INTC), and Tesla Inc (NASDAQ:TSLA). TSMC commanded a more than 90% share of the 7/5nm…

Qualcomm Launches $100M Snapdragon Metaverse Fund

Qualcomm Inc (NASDAQ: QCOM) announced Monday the launch of the Snapdragon Metaverse Fund, established to invest up to $100 million in developers and companies building unique, immersive XR experiences, as well as associated core augmented reality (AR) and related artificial intelligenc

Intel's Autonomous Car Driving Unit Confidentially Files For US IPO

Intel Corp's (NASDAQ:INTC) self-driving car unit, Mobileye, has confidentially filed paperwork for a U.S. IPO, Reuters reports. The IPO could value the Israeli unit at over $50 billion. Intel acquired Mobileye for $15.3 billion in 2017 to fire up rivalry with Nvidia Corp (NASDAQ:NVDA) and Qualcomm Inc (NASDAQ:QCOM) in developing driverless systems for automakers. Intel CEO Pat Gelsinger…

Huawei Aims To Spend $633M On Digital Energy HQ, R&D Center

Huawei Technologies looks to spend CNY4 billion ($632.52 million) on building a new headquarters and R&D center for its digital power unit, Reuters reports. Huawei Digital Power inked an agreement on February 17 with the local government of the southern metropolis of Shenzhen, where its parent is headquartered, for the project.…

Here's Why Ferrari Partnered With This Leading Chipmaker

Ferrari NV (NYSE:RACE) collaborated with Qualcomm Inc (NASDAQ:QCOM). Qualcomm will be a Scuderia Ferrari Premium Partner through Snapdragon, Qualcomm's premium product and experience brand leveraged across multiple platforms and categories, including automotive. The Snapdragon logo will make its debut on the F1-75, the Ferrari single-seater unveiled at Maranello on 17 February 2022. Furthermore, the…

Are Qualcomm Shares Headed To $230? Why Jim Lebenthal Says It's 'Absolutely A Buy'

Qualcomm Inc (NASDAQ: QCOM) is trading lower Thursday with the overall markets despite strong quarterly results and a flurry of price target hikes from analyst firms.

JPMorgan Sees Sharp Upside In Qualcomm, Thanks To Apple

JPMorgan analyst Samik Chatterjee reiterated an Overweight rating on Qualcomm Inc (NASDAQ:QCOM) with a $225 price target, ahead of the company's fiscal Q1 results. The price target implies an upside of 28%. The analyst sees a favorable setup saying Apple Inc's (NASDAQ:AAPL) print points to solid demand for Qualcomm's largest customer. The combination of supply chain easing,…

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