Qualcomm Inc. on Tuesday said it is launching a paid cloud software service to help companies that use its chips keep tabs on goods as they move through the supply chain. The San Diego, California company is the world’s biggest provider of chips that help smartphones connect to mobile data networks. But Qualcomm has used…
Qualcomm Announces Software Business Around Its Supply Chain Chips
Qualcomm to Spend $4.2 Billion More on Chips From GlobalFoundries
Qualcomm agreed to buy an additional $4.2 billion in semiconductor chips from GlobalFoundries’s New York factory, bringing its total commitment to $7.4 billion in purchases through 2028, according to a filing released Monday. The announcement expands on a prior $3.2 billion purchasing agreement between the two companies and will produce chips for use in 5G…
Qualcomm Wins Fight Against $1 Billion EU Antitrust Fine
LUXEMBOURG—U.S. chipmaker Qualcomm on Wednesday won its fight against a 997 million euro ($1.05 billion) fine imposed by EU antitrust regulators four years ago, dealing a major setback to EU antitrust chief Margrethe Vestager’s crackdown on Big Tech. The European Commission in its 2018 decision said Qualcomm paid billions of dollars to Apple from 2011…
Qualcomm CEO Sees Growth in High-End Phones Even If Economy Slows
DAVOS, Switzerland—Qualcomm Inc CEO Cristiano Amon sees growth for the chip supplier as consumers increasingly want “better phones,” he said in an interview on Wednesday at the World Economic Forum, even as talk about an economic slowdown dominates the event in the Swiss ski town of Davos. “Qualcomm has redefined its mobile strategy to be…
Why This Nvidia, Qualcomm Analyst Is Lowering Price Targets for These Chip Stocks
Nvidia Corporation shares command a premium valuation, and sell-side’s theses have all along justified its valuation due to the chipmaker’s strong growth profile and optionality. An analyst at KeyBanc Capital Markets, however, deemed it fit to downwardly revise the price target, and here’s why: Semiconductor Analyst Analyst John Vinh maintained an Overweight rating on Nvidia…
JPMorgan Remains Bullish on This Chipmaker Despite Slashing Price Target by 15 Percent—Read Why
JPMorgan analyst Samik Chatterjee lowered the price target on Qualcomm Inc to $205 from $240 (39.5 percent 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 effect leads Chatterjee to forecast…
Qualcomm Completes Arriver Acquisition From SSW Partners, Boosting Presence In Autonomous Driving
Qualcomm Inc completed the acquisition of Arriver from SSW Partners. The financial terms of the transaction remain undisclosed. The acquisition would enhance Qualcomm’s ability to deliver open, fully integrated, and competitive Advanced Driver Assistance System (ADAS) solutions to automakers and Tier-1 suppliers at scale. Arriver’s Driver Assistance assets will accelerate Qualcomm’s efforts to deliver a leading…
Piper Sandler Lists Reasons Behind Its Optimistic View on Qualcomm
Piper Sandler analyst Harsh Kumar is “pounding the table” and reiterated an Overweight on Qualcomm Inc. with a $225 price target (46.1 percent upside). Qualcomm is an attractive investment despite macroeconomic uncertainty reflecting its exposure to the Internet of Things. Investors continue to assign a handset multiple to the stock, while Qualcomm is set to capitalize on an already…
Ferrari and Qualcomm Team Up for Tech Projects for Road, Racing Cars
ROME—Ferrari said on Tuesday it would partner with Qualcomm Technologies to use the San-Diego based group’s premium product, the Snapdragon chipsets, to accelerate the sports carmaker digital transformation. The deal will involve both its road cars and its Formula One racing team and the first common projects, including the so-called digital cockpit, have been already…
JPMorgan Sees Sharp Upside in Qualcomm, Thanks to Apple
JPMorgan analyst Samik Chatterjee reiterated an Overweight rating on Qualcomm Inc. with a $225 price target, ahead of the company’s fiscal Q1 results. The price target implies an upside of 28 percent. The analyst sees a favorable setup saying Apple Inc.’s print points to solid demand for Qualcomm’s largest customer. The combination of supply chain easing, share gains with android…
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