Qualcomm gains $30 billion in market value after Apple settlement

The deal with Apple, coming at the cusp of the rollout of high-speed 5G network, could help Qualcomm return to the preeminent position it held in the early 2010s when it dominated the transition to 4G mobile networks and expanded revenues dramatically. Qualcomm's fortunes are also looking up since Intel Corp, which had been Apple's sole iPhone chip supplier for the past year, decided to exit the modem chip business following Qualcomm's settlement with Apple.

from Yahoo News - Latest News & Headlines https://yhoo.it/2GqMAcF