21-November-2024
Corporate News
 
Qualcomm positive on Trump administration as it sees growth in chip sales
20-Nov-2024

Qualcomm said on Tuesday it was "positive" on President-elect Donald Trump's incoming administration and not concerned that proposed US tariffs on China would dampen its business in the country from which it derives nearly half its revenue. Qualcomm executives made the remarks at an investor event in New York during which the company forecast $22 billion in combined revenue over the next five years from laptops, cars and other products outside its current stronghold in smartphones, a sharp growth from its latest fiscal year. During a question-and-answer session with analyst, Alex Rogers, who runs Qualcomm's technology licensing business, said the San Diego, California, company had a "great relationship" with Trump's previous administration, which blocked a hostile takeover bid for Qualcomm from rival Broadcom.

News Source:- https://www.business-standard.com/world-news/qualcomm-positive-on-trump-administration-as-it-sees-growth-in-chip-sales-124112000234_1.html