News Formal

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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

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:

 /  🏆 6. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »