Market News
Sept 11 - Qualcomm on Monday said it had signed a new deal with Apple to supply 5G chips to the iPhone maker until at least 2026.
That chip supply agreement ends this year, meaning that the iPhones that Apple is expected to announce Tuesday would be the last phone debut under that agreement. "At a time when Apple is running into increasing challenges in China, reinforcing its supply chains elsewhere is a priority, and it appears the company is rolling back or at least delaying plans to go at it alone in more areas with its own chip production," said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Read more »
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.
Read more »
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
Read more »
UK Rents to Rise 25% by 2026 as Landlords Pass On Mortgage CostsBritain’s tenants are feeling much more pressure from soaring interest rates than the rest of the housing market.
Read more »
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.
Read more »
Qualcomm stock pops on Apple supply dealShares 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.
Read more »