Tag: qualcomm
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Exclusive-Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows
Oct 20 : Qualcomm will cut jobs globally in a “performance-focused reduction” following its annual employee reviews, CEO Cristiano Amon told staff in a memo on Monday reviewed by Reuters, with notifications set to begin in November.The cuts are part of an effort to build “a stronger performance culture” and a
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Qualcomm and Arm jury to return next week after deliberations in contract dispute case
WILMINGTON, Delaware, Oct 9 : The jury in a lawsuit by chipmaker Qualcomm against chip technology supplier Arm Holdings did not reach a verdict on Friday as to whether Arm breached licensing agreements and intentionally sabotaged some of Qualcomm’s dealings with Meta Platforms.The five-day trial that wrappe
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Qualcomm and Arm set for jury verdict in contract breach feud
WILMINGTON, Delaware, Oct 9 : A lawsuit by chipmaker Qualcomm against chip technology supplier Arm Holdings will head on Friday to a jury charged with determining if Arm breached licensing agreements and intentionally sabotaged some of Qualcomm’s dealings with Meta Platforms.The five-day trial is the second
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Qualcomm and Arm kick off trial, potential for huge damages in focus
WILMINGTON, Delaware, Oct 5 : Chipmaker Qualcomm and chip tech firm Arm Holdings, long at loggerheads, began another trial on Monday with Qualcomm accusing Arm of withholding chip testing tools that were due under contract.Qualcomm also alleges that Arm leaked to the media its 2024 threat to terminate a vital
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Qualcomm and Arm head to trial again, potential for huge damages in focus
WILMINGTON, Delaware, Oct 5 : Chipmaker Qualcomm and chip tech firm Arm Holdings, long at loggerheads, will once again be in court on Monday with Qualcomm accusing Arm of withholding chip testing tools that were due under contract.Qualcomm also alleges that Arm leaked to the media its 2024 threat to terminate
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Qualcomm, Apple extend licensing agreement for chips
Sept 24 : Qualcomm said on Thursday it has extended its licensing agreement for chips with Apple, effective April 1 next year.The partnership between the two companies has been shaped by a 2019 settlement that ended a two-year global legal battle over wireless-patent royalties and modem-chip supply. They anno
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Qualcomm strikes AI chip deal with Amazon, offers right to buy about $4 billion in stock
Sept 8 : Qualcomm on Tuesday reached a deal to develop custom chips with Amazon for AI data centers, giving it the right to acquire about $4 billion in shares in exchange for $60 billion in business with the chipmaker.As part of the deal, Qualcomm has granted Amazon a warrant that could allow it to…
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Qualcomm, Amazon strike $4 billion custom chip deal
Sept 8 : Qualcomm said on Tuesday it had issued a warrant to Amazon, giving it the right to buy an about $4 billion stake, as part of a collaboration to develop custom chips for AI data centers.Shares of the San Diego, California-based chipmaker rose more than 7 per cent in early trading. The stock…
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Qualcomm shares slide as higher costs, Apple-related weakness cloud profit forecast
July 30 : Qualcomm shares fell about 5 per cent in premarket trading on Thursday after the chipmaker’s warning about higher memory costs and a steeper decline in Apple revenue raised concerns about near-term profit growth.A surge in AI infrastructure spending has tightened semiconductor supply chains, driving
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Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate
July 29 : Qualcomm forecast fourth-quarter profit below Wall Street estimates on Wednesday, and said revenue from Apple products would decline faster than expected as supply constraints and rising costs weighed on its business.Shares of the San Diego, California-based company were down more than 3 per cent in
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