Chipmaker Qualcomm forecasts strong revenue, warns of trade-curb impact

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Chipmaker Qualcomm forecasts strong revenue, warns of trade-curb impact - Business Standard

Quick Summary:

The company said early in May that it did not expect any chip revenue from Huawei beyond 2024, but was pursuing licensing negotiations with the Chinese firm.

Analysts expect Apple to return to revenue growth when the iPhone maker reports results for its fiscal third quarter on Thursday.

The addition of AI capabilities to smartphones has driven a resurgence in end-market demand, lifting orders for Qualcomm, after the industry slumped to its lowest level in years.