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Qualcomm Spikes on Report It Will Remain iPhone 5G Modem Chip Supplier in 2023

·2 min read
Qualcomm Spikes on Report It Will Remain iPhone 5G Modem Chip Supplier in 2023
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Taiwan-based hardware analyst Ming-Chi Kuo says Qualcomm will hold on to 100% of the Apple modem supply for the 2023 iPhones. Qualcomm shares soared Tuesday on a report that Apple’s push to develop modem chips for the iPhone “may have failed,” and that Qualcomm will remain the exclusive supplier of 5G chips for phones to be launched in the 2023 second half. Writing on Twitter, the Taiwan-based hardware analyst Ming-Chi Kuo said that Qualcomm (ticker: QCOM) will hold on to 100% of the Apple (AAPL) modem supply for the 2023 iPhones vs the company’s own previous estimate of 20%.