Qualcomm says China virus threatens phone industry disruption | Malay Mail

Visitors walk past the Qualcomm stand at the Mobile World Congress in Barcelona, February 24, 2014 Reuters

Qualcomm’s chief financial officer, Akash Palkhiwala, on a conference call with investors following the release of quarterly results, said the company expects “significant uncertainty around the impact from the coronavirus on handset demand and supply chain.”The San Diego-based chip supplier forecast revenue for its fiscal second quarter largely above Wall Street estimates, in the latest sign that the protracted slowdown in the global chip industry is easing.

“If we have an issue, a supply chain issue or demand issue in China, we tend to have the ability to have other regions to back it up,” Chief Executive Steve Mollenkopf said. “So we tend to look at the business in terms of our planning. We want to make sure that we maintain that strength across different markets.

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