Qualcomm gains US$30 billion in market value after Apple settlement

📆 17/04/2019 21:21:00
📰 ChannelNewsAsia

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Qualcomm Inc's surprise settlement of a prolonged legal fight with Apple Inc paves the way for the chipmaker to resolve a similar dispute with ...

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.

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