103.05 +0.56 (0.55%)
After hours: 7:52PM EDT
|Bid||102.85 x 200|
|Ask||103.20 x 1000|
|Day's Range||101.97 - 104.75|
|52 Week Range||100.23 - 125.93|
|PE Ratio (TTM)||15.99|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
And its as the world turns in chips ... Just as the US gave Broadcom's deal with Qualcomm the kibosh, China is now concerned about Qualcomm’s $44 Billion deal to buy NXP Semiconductors - with a commerce ministry spokesman claiming there are "related issues that are hard to resolve," and that it would be difficult to "eliminate the negative impact"... Andy a cryptic statement, coming with the backdrop of a burgeoning trade war with the US and China - what's going on here?
American chipmaker Qualcomm’s (QCOM) proposed $44 billion acquisition of Dutch company NXP Semiconductors (NXPI) has hit a snag recently. It is being blocked by Chinese antitrust authorities, whose approval is required for the acquisition to go through. Qualcomm has received permission from eight other major antitrust regulators globally.
Qualcomm, Inc. (NASDAQ:QCOM) provided its shareholders with some much-needed cheer on Wednesday afternoon. After weeks of dispiriting headlines and terrible action in the price of Qualcomm stock, positive earnings can finally reset the story for the controversial company. The company’s earnings report showed a big beat on the headline EPS number.
Qualcomm is waiting on approval for Chinese regulators to merge with Dutch rival NXP Semiconductors. China's is the last of nine approvals needed and has already caused the companies to withdraw and refile their application to buy more time. CEO Steve Mollenkopf was optimistic that "real talks going on between Washington and Beijing" would work to Qualcomm's benefit.
Efficient operations in the QCT segment and cost cutting initiatives aid Qualcomm (QCOM) to surpass top-line and bottom-line estimates in Q2.
The results announced in Qualcomm's smartphone chip business contrasted to those from major mobile phone components makers in Asia, including TSMC and SK Hynix Inc , which have warned of slower growth in their smartphone chip divisions. While revenue from Qualcomm's chips division - its largest - rose 6 percent in the three months ended March 25, revenue from the licensing business plunged 44 percent, reflecting the withholding of revenue in a high-profile patent battle with Apple Inc (AAPL.O). "Qualcomm posted solid results, but its guidance pointed to a softer handset market, particularly in China," said Moody's Senior Vice President Rick Lane.
Qualcomm Inc. shares rise in the extended session Wednesday after the chipmaker’s quarterly results top Wall Street estimates but are held in check by a less-than-stellar guidance.
Qualcomm has been under pressure following a high-profile fight to resist takeover efforts from rival Broadcom. Qualcomm announced last week intentions to cut 1,500 jobs from offices in California as a cost-saving effort, sending shares plunging. The semiconductor company also took steps to refile a takeover bid for Dutch semiconductor company NXP Semiconductors.
Chip sales to smartphone vendors and how Qualcomm Inc. moves forward from fending off a takeover from Broadcom Inc. will be among the main topics of focus for investors as the chipmaker reports its earnings ...
Chipmaker QUALCOMM, Inc. (NASDAQ:QCOM) has been on a wild ride over the past several months. The shares were in a down-trend for most of 2017 until Broadcom Inc (NASDAQ:AVGO) acquisition rumors emerged in October, sending QCOM stock from $50 to $70 in a hurry. Qualcomm stock dropped.
Qualcomm’s unwelcome role as punching bag in the U.S.-China trade dispute highlights the vulnerabilities of industries like chip makers as the rhetoric heats up. China’s antitrust regulator raised questions Thursday about the company’s proposed $44 billion acquisition of NXP Semiconductor. Qualcomm has since refiled for approval but has set a deadline of July 25, after which it would walk away and pay NXP a termination fee.
The US stock market has had a great run since 2009, but lately there have been many concerns voiced that the market is reaching overvalued territory and the bull run might end soon. Warnings regarding a bear market have been expressed in the past as well, but now we have more obvious signs. Since the […]
The San Diego-based chipmaker announced that it would let go of approximately 1,500 employees as part of a larger cost-cutting initiative and that it plans to withdraw and refile a merger application with Chinese authorities regarding a deal with Dutch company NXP Semiconductors N.V. ( NXPI). Sources told CNBC that the chipmaker is “very concerned” with the fate of the NXP merger. Earlier this year, President Donald Trump blocked Broadcom Ltd.'s ( AVGO) $117 bid to takeover Qualcomm, indicating that the move was made on national security concerns and protected U.S. tech against mounting Chinese competition.
China intensified the tit-for-tat trade battle with the U.S., with antitrust regulators warning that they have “hard to resolve” concerns about Qualcomm’s planned $44 billion purchase of NXP Semiconductors, ...
China has said issues with the U.S. chip maker’s proposed $44 billion tie-up with NXP Semiconductors may be “hard to resolve.” That isn’t a good sign either for this deal or broader global deal-making