REUTERS: Qualcomm Inc added US$30 billion to its market value after it resolved a legal battle with Apple Inc, a move that secures its leadership in 5G phone chips and could pave the way for a similar settlement with China's Huawei Technologies.
"In the US, around 5G it's Qualcomm's world and everyone else is just paying rent," said Dan Ives, an analyst with Wedbush Securities. Of the 25 brokerages covering the stock, 14 rate it"buy" or higher and the rest have a"hold" rating, according to Refinitiv data.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Qualcomm stock surges after settling long patent dispute with Apple[SAN DIEGO] Qualcomm Inc on Tuesday won a major victory in settling its wide-ranging legal dispute with Apple Inc, signing a six-year patent license deal and a supply agreement that could pave the way to getting its modem chips back in the iPhone, which featured only Intel Corp chips last year. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Apple, allies seek billions in US trial testing Qualcomm's business modelSAN DIEGO: Apple and its allies on Monday (Apr 15) will kick off a jury trial against chip supplier Qualcomm in San Diego, alleging that Qualcomm ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Aeva signs sensor deal with Audi's self-driving unitAeva Inc, a startup company founded by former Apple Inc and Nikon Corp engineers, has signed a sensor-system deal with an Audi-owned unit that is ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »