Shares of Qualcomm (QCOM) jumped on the news that it will provide Apple (AAPL) with 5G chips for the iPhone through 2026. It could be a sign that Apple isn't quite ready to start going it alone on chips quite yet. Yahoo Finance Live breaks down the stocks' reactions.
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-- China escalated its defense of the yuan by delivering a strong verbal warning to speculators and forceful guidance to investors with its daily reference rate, measures that pushed the managed currency away from a 16-year low.
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Qualcomm to supply Apple with 5G chips until 2026 under new dealBy Stephen Nellis (Reuters) - Qualcomm on Monday said it had signed a new deal with Apple to supply 5G chips to the iPhone maker until at least 2026.
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Qualcomm to supply Apple with 5G chips until 2026 under new dealQualcomm on Monday said it had signed a new deal with Apple to supply 5G chips to the iPhone maker until at least 2026. Qualcomm, whose shares rose more than 8% in premarket trading, is the leading designer of what are known as modem chips that connect phones to mobile data networks. The San Diego, California-based firm previously signed a supply deal with Apple in 2019, after the two companies settled a protracted legal battle.
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Qualcomm to supply Apple with 5G chips until 2026 under new dealQualcomm did not disclose the value of the deal, saying only that the terms are ‘similar’ to its previous agreement
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Apple Renews Qualcomm Deal in Sign Its Own Modem Chip Isn’t ReadyApple Inc. is extending an agreement to get modem semiconductors from Qualcomm Inc. for three more years, a sign that its ambitious effort to design the chips in-house is taking longer than expected. Qualcomm shares surged on the news.
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Apple strikes chip supply agreement with Qualcomm, suggesting it isn't yet ready to go it aloneApple's deal with Qualcomm indicates the tech giant isn't ready to rely on its in-house chips just yet.
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Stock market today: Asian shares mostly higher as investors await US inflation, China economic dataStock prices were mostly higher in Asia on Monday as investors awaited U.S. inflation figures and China’s latest economic data. Benchmarks fell in Hong Kong and Tokyo but rose in Shanghai, Sydney and Seoul. A surge in oil prices has added to worries that inflation may not be waning as hoped in the U.S and other major economies. That could lead the Federal Reserve and other central banks to keep interest rates higher for longer, which would hurt prices for shares and other investments. Over the w
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