China’s coronavirus threatens mobile phone industry: Qualcomm’s CFO

The coronavirus outbreak in China poses a potential threat to the mobile phone industry, said Qualcomm Inc while adding that it is likely to impact its manufacturing and sales. These comments by Qualcomm, the world’s biggest supplier of “modem” chips has resulted in the tumbling of chip stocks despite signs that an industry downturn was…

Apple negotiating acquisition of Intel’s 5G modem business

Intel’s earlier announcement of its exit from the 5G modem chip business, following settling a long standing dispute with Qualcomm, presents an opportunity for Apple. A potential deal with Intel is likely to squeeze Qualcomm since it is a key supplier of modem chips for Apple’s iPhones. Apple Inc aims to acquire Intel Corp’s smartphone-modem…