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29-06-2022, 12:49 PM
Qualcomm stock jumps after analyst predicts Apple will use its 5G chips for 2023 iPhone
PUBLISHED TUE, JUN 28 2022 1:20 PM EDT UPDATED 6 HOURS AGO
Kif Leswing
Qualcomm shares climbed more than 3% on Tuesday after a prominent analyst said Apple is likely to use the company’s 5G modems for its 2023 iPhones rather that relying on technology built in-house.
“My latest survey indicates that Apple’s own iPhone 5G modem chip development may have failed, so Qualcomm will remain exclusive supplier for 5G chips of 2H23 new iPhones, with a 100% supply share (vs. company’s previous estimate of 20%),” Ming-Chi Kuo, an analyst at TF International Securities, wrote in a tweet.
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Kuo, who is known for covering parts of Apple’s supply chain and making accurate predictions of suppliers before products are announced, said he expects that Apple will continue to develop 5G chips.
Qualcomm is currently in the process of diversifying its chip business away from primarily handsets and into new markets including car semiconductors and low-power applications.
https://www.cnbc.com/2022/06/28/qualcomm...dems-.html
PUBLISHED TUE, JUN 28 2022 1:20 PM EDT UPDATED 6 HOURS AGO
Kif Leswing
Qualcomm shares climbed more than 3% on Tuesday after a prominent analyst said Apple is likely to use the company’s 5G modems for its 2023 iPhones rather that relying on technology built in-house.
“My latest survey indicates that Apple’s own iPhone 5G modem chip development may have failed, so Qualcomm will remain exclusive supplier for 5G chips of 2H23 new iPhones, with a 100% supply share (vs. company’s previous estimate of 20%),” Ming-Chi Kuo, an analyst at TF International Securities, wrote in a tweet.
......
Kuo, who is known for covering parts of Apple’s supply chain and making accurate predictions of suppliers before products are announced, said he expects that Apple will continue to develop 5G chips.
Qualcomm is currently in the process of diversifying its chip business away from primarily handsets and into new markets including car semiconductors and low-power applications.
https://www.cnbc.com/2022/06/28/qualcomm...dems-.html
