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Qualcomm Posts Sturdy Earnings, as Demand for Chips Stays Excessive

Qualcomm Posts Sturdy Earnings, as Demand for Chips Stays Excessive

Qualcomm Inc. posted robust quarterly earnings and gave an upbeat gross sales outlook, underscoring that demand for chips for the whole lot from smartphones to vehicles stays elevated.

“Demand stays robust throughout all of our applied sciences and continues to exceed provide,” Qualcomm Chief Government Cristiano Amon stated on an analysts name. Provide shortages are enhancing, he stated, however bottlenecks are anticipated to persist.

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