NasdaqGS:QCOMSemiconductor
Qualcomm Weighs Memory Shock As Data Center And RISC V Bets Grow
Qualcomm (NasdaqGS:QCOM) is facing significant pressure on its core smartphone business from an industry wide memory chip shortage that is constraining handset production.
The company recently reported quarterly results that came in ahead of expectations, but issued softer guidance as memory supply issues weigh on revenue visibility for the next few quarters.
Qualcomm has agreed to acquire Alphawave Semi to build out its data center presence and Ventana Micro Systems to expand its RISC-V CPU...