Tag: $Qualcomm

Qualcomm said on Tuesday Amazon ‌could buy up to $60 billion of its AI data-center chips and related products under a long-term partnership, bolstering the chipmaker’s effort to become a major supplier of AI infrastructure.

Qualcomm reported fiscal third-quarter earnings on Wednesday that were in line with analyst expectations, but it provided light guidance for current-quarter earnings on in-line revenue, blaming the ongoing supply crunch for computer parts, especially memory. Shares fell in extended trading.

Qualcomm shares jumped 15% in extended trading on Wednesday after the chipmaker said non-handset revenue in fiscal 2029 will be $40 billion, up from a prior forecast of $22 billion.

Qualcomm is in talks to provide chip-design services to China’s ByteDance, four people familiar with the matter said, as the U.S. company seeks to reduce dependence ​on the smartphone market, its biggest revenue source.

Qualcomm is in advanced discussions to acquire Modular Inc in a transaction valuing ​the AI chip company at about $4 ‌billion, Bloomberg News reported on Monday, citing people familiar with the matter.

Qualcomm (QCOM) stock was surging early on Monday. The chip company was benefiting from a report that it is working with ChatGPT-developer OpenAI on plans for a smartphone.

Specs, the Snap smart glasses unit formed early this year, will use Qualcomm ​chips for its upcoming devices under a ‌multi-year deal announced on Friday, marking its first major move.

Qualcomm shares plunged 8% after the chipmaker issued disappointing guidance as skyrocketing demand for artificial intelligence data centers eats away at memory chip supply for consumer electronics.

The company reported adjusted earnings of $3.00 a share in its fiscal fourth quarter, versus Wall Street estimates for $2.87. Revenue came in at $11.27 billion, surpassing the $10.77 billion consensus estimate, according to FactSet.

Qualcomm shares fell on Friday after Chinese regulators said it would investigate the American tech giant’s acquisition of chip firm Autotalks, ramping up tensions between the U.S. and China ahead of key meetings between the country’s leaders this month.

U.S. chipmaker Qualcomm (QCOM.O), agreed to acquire Alphawave (AWE.L), for about $2.4 billion on Monday, as it expands into the booming AI data center market, sending shares of the British semiconductor company up by almost a quarter.

A Delaware jury sided with Qualcomm in its long-running dispute with Arm on Friday afternoon. This was a unique case in which Arm sued one of its best customers.

Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December quarter.

Qualcomm launched a new PC processor on Wednesday as it looks to capitalize on electronics makers’ desire to put artificial intelligence on their devices.

Qualcomm Incorporated reported third-quarter earnings and revenue that topped analyst estimates and delivered optimistic guidance for the fourth quarter.

Qualcomm  said Monday that it will supply Apple with 5G modems for smartphones through 2026.