The Clap Shares of semiconductors manufacturer Qualcomm (NASDAQ: QCOM) jumped on news that it could become the sole supply of 5G chips for iPhones.
The Deets The reports came through a thread of tweets by a prominent analyst. He indicated that Apple’s efforts to develop an in-house 5G chip may have failed, & will therefore look to continue its partnership with Qualcomm.
Why this matters What’s interesting is that Qualcomm previously stated that it expects to supply 20% of iPhones’ chips. The analyst now sees Qualcomm supplying 100% of 5G chips to iPhones.