Qualcomm (QCOM) announced late Thursday it will invest $40 million in four Chinese tech companies and a Chinese venture investment fund. The San Diego-based chipmaker said the companies are 7Invensun, an eye-tracking solution provider; Chukong Technologies, a mobile entertainment platform provider; inPlug, a smart-home device company; and Unisound, a voice-recognition and processing technology business. Qualcomm also will invest in China Walden
In a letter, 60 technology companies on Wednesday again urged the Federal Communications Commission not to impose public utility-type regulation on high-speed Internet services, amid growing signs that FCC Chairman Tom Wheeler will go along with President Obama’s call for Title II reclassification. Intel (INTC), Cisco Systems (CSCO), IBM (IBM) and Qualcomm (QCOM) are among the 60 companies. The same group sent a similar letter to the FCC in
Analysts presented a generally positive but cautious stance on Qualcomm after the company reported disappointing earnings late Wednesday, sending the stock down. Qualcomm’s fiscal Q4 earnings report late Wednesday spotlighted troubles the wireless chipmaker faces in China and from a maturing smartphone market. Qualcomm (QCOM) stock was down more than 11% on the stock market today, at a 12-month low near 69. Qualcomm is down 16% from a 14-year high