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Qualcomm Posts Record Sales Amid Surging Demand for 5G Smartphones

Qualcomm Posts Record Sales Amid Surging Demand for 5G Smartphones

Qualcomm Inc. posted record quarterly sales and forecast further growth amid surging demand for 5G smartphones in the face of supply-chain constraints.

Chief Executive Cristiano Amon, who took the top job in June, said steps the company has taken to assure parts supplies are starting to deliver results and should ease bottlenecks over the coming months.

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