Qualcomm optimistic on 5G, connected device sales as chip supply bottlenecks ease

Source: Tech – South China Morning PostQualcomm Inc on Wednesday predicted a rise in sales of chips for 5G phones, including Apple’s iPhone, as the company said it had mitigated supply shortfalls that have contributed to a global chip shortage.Qualcomm total revenues rose 63 per cent to nearly US$8 billion, boosted by soaring sales of chips for connected devices that hit US$1.4 billion.The San Diego, California-based company is the biggest supplier of mobile phone chips in the world and the leader in 5G technology, supplying modem…Read More

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