News & Events:QCOM

Billionaire investor George Soros' investment management firm, Soros Fund Management LLC, opened a fresh position in electric vehicle pioneer Tesla, Inc. and doubled down on beaten-down tech stocks.

Soros Fund Management LLC: * SOROS FUND MANAGEMENT LLC TAKES SHARE STAKE OF 29,883 COMMON SHARES IN TESLA INC - SEC FILING. * SOROS FUND MANAGEMENT LLC TAKES SHARE STAKE OF 300,000 COMMON SHARES IN UBER TECHNOLOGIES INC. * SOROS FUND MANAGEMENT LLC UPS SHARE STAKE IN QUALCOMM INC BY 48.8% TO 229,582 SHARES.

Reuters This Leading South Korean Chipmaker Eyes US For Advanced Chip Packaging Plant: Report Why Alibaba-Backed Fintech Paytm Plunged 6% Today Wall Street Journal 3 M's Aearo Technologies Files For Bankruptcy To Get Out Of Her Courtroom, Federal Judge Says Deutsche Telekom Nears Majority Stake Ownership In T-Mobile  ValueAct Acquires 6.7% Stake In New York Times; Describes Stock As' Undervalue...

QUALCOMM Inc shares surged in July leading up to the company's quarterly results. "We had record revenue both in IoT and automotive, and within handsets, we saw tremendous year-over-year growth in a market that's been relatively challenged because of the overall macroeconomic situation," Qualcomm CFO Akash Palkhiwala said Thursday on Benzinga's "Stock Market Movers."

  A whale with a lot of money to spend has taken a noticeably bullish stance on Qualcomm. Looking at options history for Qualcomm we detected 22 strange trades. If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.

President Joe Biden on Tuesday signed a landmark bill to provide $52.7 billion in subsidies for U.S. semiconductor production and research and to boost efforts to make the United States more competitive with China's science and technology efforts. "The future is going to be made in America," Biden said, calling the measure "a once-in-a-generation investment in America itself."

CNBC Boeing 787 Dreamliner Has Been Cleared For Takeoff: FAA Clears Way For Delivery To Resume Reuters Tesla Sales Of China-Made EVs Plunge 64% Sequentially In July -- Domestic Sales Trail Local Players Snap Rolls Out Parental Control Tools Following Backlash: Report Qualcomm Boosts Spending On GlobalFoundries Chip Collaboration By $4.2B Wall Street Journal US Solar Shipments Suffer Due To Rece...

Qualcomm Boosts Spending On GlobalFoundries Chip Collaboration By $4.2B: Report

Micron Technology, Inc's  expectations for CY22 industry bit demand growth for DRAM and NAND have declined amid macro uncertainties and supply chain constraints. Micron expected Q4 revenue to come at or below the low end of the provided revenue guidance range. Based on the last guidance, Micron said it expects Q4 revenue of $6.8 billion to $7.6 billion.

GlobalFoundries Clocks 23% Revenue Growth In Q2; Expands Margins

President Joe Biden on Tuesday signed a landmark bill to provide $52.7 billion in subsidies for U.S. semiconductor production and research and to boost efforts to make the United States more competitive with China's science and technology efforts. "The future is going to be made in America," Biden said, calling the measure "a once-in-a-generation investment in America itself."

President Joe Biden on Tuesday will sign a bill to provide $52.7 billion in subsidies for U.S. semiconductor production and research and to boost efforts to make the United States more competitive with China's science and technology efforts.

GlobalFoundries (GFS), one of the world's top chip manufacturers, plans to seek U.S. government funding from the recently approved CHIPS Act to update its chip factory in Vermont, CEO Tom Caulfield told Reuters on Monday. The facility, located in Essex Junction, Vermont, produces 200 millimeter wafers and needs to be revamped, Caulfield said.

Qualcomm (QCOM) agreed to buy an additional $4.2 billion in semiconductor chips from GlobalFoundries's New York factory, bringing its total commitment to $7.4 billion in purchases through 2028, according to a filing released Monday.

GlobalFoundries Shares Gain Following Qualcomm Collaboration To Double Chip Manufacturing

-Qualcomm (QCOM) agreed to buy an additional $4.2 billion in semiconductor chips from GlobalFoundries's New York factory, bringing its total commitment to $7.4 billion in purchases through 2028, according to a filing released Monday.

Qualcomm (QCOM) and GlobalFoundries (GFS) signed an agreement on Monday to more than double their existing long-term manufacturing agreement for chips used in 5G transceivers, Wi-Fi, automotive and Internet of Things connectivity. The chips will be produced in GlobalFoundries (GFS)' chip factories in the United States, Germany, Singapore and its recently announced facility in France.

MANCHESTER, United Kingdom, Aug. 4, 2022 Manchester United today announced a multi-year global strategic collaboration with Qualcomm Technologies, Inc. The arrangement will feature the Snapdragon brand.

MANCHESTER, United Kingdom, Aug. 4, 2022 Manchester United today announced a multi-year global strategic collaboration with Qualcomm Technologies, Inc. The arrangement will feature the Snapdragon brand.

Qualcomm has outperformed the market over the past 5 years by 12.57% on an annualized basis producing an average annual return of 23.46%. Currently, Qualcomm has a market capitalization of $165.11 billion. Buying $100 In QCOM: If an investor had bought $100 of QCOM stock 5 years ago, it would be worth $284.61 today based on a price of $149.97 for QCOM at the time of writing.