Qualcomm Posts Strong Earnings, as Demand for Chips Stays High – The Wall Street Journal

Qualcomm Inc. posted strong quarterly earnings and gave an upbeat sales outlook, underscoring that demand for chips for everything from smartphones to cars remains elevated.

“Demand remains strong across all of our technologies and continues to exceed supply,” Qualcomm Chief Executive Cristiano Amon said on an analysts call. Supply shortages are improving, he said, but bottlenecks are expected to persist.

Leave a comment

Your email address will not be published.