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Qualcomm’s Market Value Tumbles Over Latest China

Qualcomm’s Market Value Tumbles Over Latest China Ban, And Reports Of Huawei Exclusively Switching To Kirin SoCs For 2024 It is a terrible day for Apple and Qualcomm, as both companies lost significantly in share price and market value following news that China banned the use of iPhones among government employees. While the San Diego chipset maker was effected by the ban, its share price down was also due to a report doing the rounds that Huawei will exclusively switch to Kirin SoCs in 2024, leading to up a loss of 60 million silicon orders for Qualcomm, translating into revenue that is reduced by the billions. ©SHIRSENDU KARMAKAR #Qualcomm
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