weekday mornings: Joan Cros / Nur Photo via Getty Images Breaking News Emails Get breaking news alerts and special reports, according to MSNBC. The news and stories that matter, delivered weekday mornings.SUBSCRIBEApril 17, 2019, 6 47 PM GMT / Source Reuters By Reuters Qualcomm added 30 billion to its market value after it resolved a legal battle with Apple, a move that secures its leadership in 5G phone chips and could pave the way for a similar settlement with China's Huawei Technologies. The president of Qualcomm, Cristiano Amon, speaks at the Mobile World Congress on Feb. 24, 2019 in Barcelona, Spain. The company's shares, which closed up 23 percent on Tuesday after the announcement, rose as much as 17 percent on Wednesday, hitting their highest in nearly two decades. Qualcomm's fortunes are also looking up since Intel, which had been Apple's sole iPhone chip supplier for the past year, decided to exit the modem chip business following Qualcomm's settlement with Apple. The deal with Apple, coming at the cusp of the rollout of high-speed 5G network, could help Qualcomm return to the preeminent position it held in the early 2010s when it dominated the transition to 4G mobile networks and expanded revenues dramatically.
(news.financializer.com). As
reported in the news.
Tagged under weekday mornings, news emails topics.