Qualcomm Inc
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Information Technology : Semiconductors & Semiconductor Equipment | Large Cap Value
Company profile

Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry. The Company’s segments Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives (QSI). QCT segment develops and supplies integrated circuits and system software based on third generation/fourth generation/fifth generation (3G/4G/5G) and other technologies for use in wireless voice and data communications, networking, computing, multimedia and global positioning system (GPS) products. QTL Segment grants licenses or otherwise provides rights to use portions of its intellectual property portfolio, which, among other rights, includes certain patent rights essential to and/or useful in the manufacture, sale and/or use of certain wireless products, including, without limitation, products implementing CDMA2000, WCDMA, LTE and/or OFDMA-based 5G standards and their derivatives. QSI Segment makes strategic investments.

Day's Change
-1.06 (-0.97%)
B/A Size
Day's High
Day's Low
(Heavy Day)

Today's volume of 1,178,014 shares is on pace to be much greater than QCOM's 10-day average volume of 7,167,894 shares.


Semiconductor sector suffering broad selloff after China says stop using Micron chips

6:46 am ET May 22, 2023 (MarketWatch)

The semiconductor sector is taking a hit Monday, after China's government told some technology-product makers not to use memory chips made by Micron Technology Inc. (MU), citing security risks. China's call comes after it had warned of consequences after the U.S., Europe and Japan reduced China's access to advanced chipmaking and other technology that might be used in weapons. The VanEck Semiconductor exchange-traded fund (SMH) slumped 1.0% in premarket trading, with 18 of the 22 components that have traded ahead of the open losing ground. Micron's stock fell 5.5% to pace the losers. Among other more-active components, shares of Nvidia Corp. (NVDA) dropped1.2%, Advanced Micro Devices Inc. (AMD) shed 1.5%, Intel Corp. (INTC) gave up 0.6% and Qualcomm Inc. (QCOM) were down 1.0%. The selloff comes as futures for the S&P 500 edged down less than 0.1%.

-Tomi Kilgore

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

May 22, 2023 06:46 ET (10:46 GMT)

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