Qualcomm stock surges another 12% after Intel backs out of 5G and Apple settles legal battle.
Shares of Qualcomm spiked more than 12.3% Wednesday on the heels of two big wins. The rally added about $10 billion to its market cap following a massive jump on Tuesday, bringing it to $95.7 billion.
The dispute had centered around Apple's use of Qualcomm's modem chips. Apple argued that Qualcomm's prices and mandate that companies using its chips also pay licensing fees for its patents was an abuse of its position as a dominant supplier. Qualcomm argued that Apple had withheld payments that were part of its royalty agreement.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump shares an inaccurate graphic on Twitter that overstates his job approval by 12 pointsThe poll cited found an overall job approval for Trump of 43 percent. The president’s tweet put it at 55 percent, as did the erroneous Fox Business Network graphic.
Read more »
Disney sees ESPN+ reaching up to 12 million subscribers by 2024ESPN+, Walt Disney Co's sports video streaming service, could attract betwe...
Read more »
Sherman Oaks man convicted of stabbing wife to death in front of 12-year-old sonA jury deliberated for 45 minutes Wednesday before finding Aurelio Terán guilty of first-degree murder and other charges. He faces more than 29 years in state prison when he is sentenced.
Read more »
Disney+ streaming service will be available starting Nov. 12 for $6.99 a monthDisney announced Thursday at the company's investor day that Disney+ will be available starting on November 12 for $6.99 per month or $69.99 per year
Read more »
Disney announces Disney+ will launch November 12, at $6.99 a monthDisney’s event day gave investors the first real glimpse into the company’s streaming strategy, which is fueled by a cadre of powerful franchises like Marvel, “Star Wars,” Pixar and “High School Musical.
Read more »
Sean Hannity: WikiLeaks 'never printed a single thing proven untrue in 12 years'Hannity—who once invited Assange to host his radio show—said the activist's case brings up 'a fascinating legal issue about the freedom of the press in this country.'
Read more »
Southwest conducted manufacturer-recommended reviews of 12 engines on its Boeing 737 Max planesSouthwest Airlines said it has completed manufacturer-recommended reviews of 12 engines on its Boeing 737 Max planes
Read more »