Qualcomm Claims Unabated Growth Without Apple Which Aims Towards Self Sufficiency By 2023

November 16, 2021 2:02 PM | 1 min read | Make a Comment

Qualcomm Inc QCOM claimed to supply only 20% of the modem chips to connect Apple Inc's AA iPhone wireless data networks by the device's 2023 launch, Reuters reports.
Qualcomm currently supplies chips for all of Apple's devices.
The chipmaker believed its phone chip revenues would expand in line with broader phone markets despite Apple finding 80% of its modem chips from other suppliers.
Apple is working on its modem chip and acquired Intel Corp's INTC modem unit.
Price Action: QCOM shares traded higher by 5.58% at $177.90 on the last check Tuesday.