NasdaqGS:QCOMSemiconductor
Qualcomm Balances Chip Shortage Pressures With Automotive And IoT Expansion
Qualcomm is reporting significant operational headwinds as a global memory chip shortage constrains smartphone production and handset revenue forecasts.
Management and industry analysts describe broad supply chain challenges, with key OEMs, particularly in China, cutting chipset inventories.
The company is pursuing diversification, completing acquisitions and expanding its presence in automotive and IoT to counter handset market pressure.
These developments are influencing Qualcomm’s outlook...