Qualcomm to Hold Onto Chip Biz for the Time Being
Qualcomm does not plan to sell off its mobile chip business, according to Executive Chairman Paul Jacobs. Investors have been putting pressure on Qualcomm to spin off the unit, which one called "worthless." Some would prefer that Qualcomm operate strictly as a patent-licensing business. "We've had that discussion for a long time, many years the board has looked at it but we still think the synergies of having the businesses together outweighs the dis-synergies," said Jacobs. Qualcomm's Snapdragon processors power hundreds of millions of devices every year and are often combined with wireless modems. Earlier this year, Qualcomm said it would expand its chip-building facilities through partnerships with firms in China. Jacobs did say the company may change its mind down the road if the right opportunity arises.
Qualcomm Weighing Potential Breakup and Job Cuts
Qualcomm is preparing to conduct an in-depth review of its corporate strategy that could lead to the company breaking into several separate entities, reports the Wall Street Journal. Activist investors have begun to push Qualcomm towards a possible split, which would see the company's chip-production and patent-licensing businesses pulled apart.
FTC Accuses Qualcomm of Anticompetitive Behavior
The U.S. Federal Trade Commission today filed a complaint against Qualcomm, alleging the chip-maker uses its market position to monopolize the sale of cell phone baseband processors.
Broadcom Ups Its Bid for Qualcomm
Broadcom today made a second offer to acquire rival Qualcomm. Last year, the company offered $70 per share of Qualcomm's stock.
Qualcomm Strikes More Patent Licensing Deals in China
Qualcomm has signed new patent licensing agreements with Haier, Tianyu, and QiKu Sign, all of which will use Qualcomm's 3G and 4G wireless technology in future mobile devices. Qualcomm said it has agreed to royalties that are inline with the terms set by China's National Reform and Development Commission.
Xiaomi Licenses Qualcomm's 3G/4G Tech
Qualcomm today said it signed a patent licensing agreement with Xiaomi, which will use Qualcomm's 3G and 4G wireless technology in future mobile devices. Qualcomm said it has agreed to royalties that are inline with the terms set by China's National Reform and Development Commission.