Qualcomm’s (QCOM) union with Japanese TDK is “much ado about nothing,” a Craig-Hallum analyst wrote Thursday as he reiterated a buy rating on fellow Apple (AAPL) supplier Skyworks Solutions (SWKS). The Qualcomm-TDK joint venture, announced Wednesday and expected to be completed in 2017, won’t pose much threat to radio-frequency chip leaders Skyworks and Qorvo (QRVO), nor touch Avago Technologies’ (AVGO) filter offerings, Craig-Hallum analyst
No. 3 chipmaker Qualcomm (QCOM) upped its smartphone game Wednesday as the chipmaker announced a partnership with Japan’s TDK, taking on fellow Apple (AAPL) chip suppliers Qorvo (QRVO), Avago Technologies (AVGO) and Skyworks Solutions (SWKS). The Qualcomm-TDK joint venture will “enable delivery of (radio frequency) front-end modules (RFFE) and RF filters into fully-integrated systems,” the companies said, speaking of key chips in mobile devices.
Cirrus Logic (CRUS) led a partial Apple (AAPL) chips recovery midday Friday after the chipmaker and rival Qorvo (QRVO) late Thursday lowered their Q3 views on slackening iPhone 6S demand, forcing the sector to plunge on Wall Street. Late Thursday, shares of Apple chip suppliers plummeted with Skyworks Solutions (SWKS) and Avago Technologies (AVGO) stocks leading the way. That trend reversed Friday. In early trading in the stock market today ,