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Qualcomm advances on smartphone market revival, Chinese handset launches Demand has been especially positive in major market China, from which Qualcomm gets nearly half its revenue, thanks to new smartphone launches by brands such as Xiaomi, Oppo and Vivo Qualcomm shares rose 4 per cent on Thursday after the chip designer's strong quarterly revenue forecast fanned investor optimism about a China-led recovery in the smartphone market.  The company, the biggest supplier of smartphone chips, will add around $8 billion to its market value, if the gains hold.  It forecast both first-quarter sales and adjusted profit above market estimates on Wednesday, signaling the smartphone market was picking up after a tough 2023 as consumers upgrade devices for AI apps such as chatbots and image generators.  Demand has been especially positive in major market China, from which Qualcomm gets nearly half its revenue, thanks to new smartphone launches by brands such as Xiaomi, Oppo and Vivo. ©SHIRSENDU KARMAKAR #Qualcomm

Qualcomm advances on smartphone market revival, Chinese handset launches Demand has been especially positive in major market China, from which Qualcomm gets nearly half its revenue, thanks to new smartphone launches by brands such as Xiaomi, Oppo and Vivo Qualcomm shares rose 4 per cent on Thursday after the chip designer's strong quarterly revenue forecast fanned investor optimism about a China-led recovery in the smartphone market.  The company, the biggest supplier of smartphone chips, will add around $8 billion to its market value, if the gains hold.  It forecast both first-quarter sales and adjusted profit above market estimates on Wednesday, signaling the smartphone market was picking up after a tough 2023 as consumers upgrade devices for AI apps such as chatbots and image generators.  Demand has been especially positive in major market China, from which Qualcomm gets nearly half its revenue, thanks to new smartphone launches by brands such as Xiaomi, Oppo and Vivo. ©SHIRSENDU KARMAKAR #Qualcomm

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India Mobile Congress: Qualcomm places production chips on India bet Expects to source chips from India in the next two years as semiconductor plants here become operational Qualcomm Inc, the company designing fabless chips, is hoping to source some of the products it works on from India in the next two years as semiconductor plants here become operational. Qualcomm India President Savi Soin said: “It is a sound strategy and talks are underway. There should not be a compromise on quality and performance and the cost has to be competitive. Users will not pay more.” Qualcomm, among others, has a partnership with Micron, which makes memory chips and is building a test and assembly plant in Sanand, Gujarat. It will start producing “made in India” memory chips probably next year. ©SHIRSENDU KARMAKAR #Qualcomm

India Mobile Congress: Qualcomm places production chips on India bet Expects to source chips from India in the next two years as semiconductor plants here become operational Qualcomm Inc, the company designing fabless chips, is hoping to source some of the products it works on from India in the next two years as semiconductor plants here become operational. Qualcomm India President Savi Soin said: “It is a sound strategy and talks are underway. There should not be a compromise on quality and performance and the cost has to be competitive. Users will not pay more.” Qualcomm, among others, has a partnership with Micron, which makes memory chips and is building a test and assembly plant in Sanand, Gujarat. It will start producing “made in India” memory chips probably next year. ©SHIRSENDU KARMAKAR #Qualcomm