Nvidia's Plan to Become the King of Chip Design Hits the Rocks [Business News Network (BNN) (Canada)]
QUALCOMM Incorporated (QCOM)
Last qualcomm incorporated earnings: 4/29 04:01 pm
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Source: Business News Network
acquisition -- the company said it would supercharge the technology found in everything from cars to smartphones. Now, more than a year later, that audacious plan is in peril. The U.S. Federal Trade Commission sued to block the $40 billion purchase on Thursday, calling it a threat to semiconductor innovation. Arm customers have lined up against the transaction. And investors and analysts have written off the idea of it ever happening. Nvidia has vowed to fight on, but with regulatory scrutiny escalating around the world, the prospects are dim. “We have said for some time that it is unlikely this deal gets approved,” said Matt Bryson, an analyst at Wedbush Securities. “We also believe the investment community is largely of the same opinion.” Nvidia has thrived without the deal, adding to investors' indifference. Shares of the Santa Clara, California-based company are up 146% this year, fueled by its push into server chips. After the FTC suit was announced Thursday, shareholders
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QCOM
Earnings
- 1/31/24 - Beat
QCOM
Sec Filings
- 4/4/24 - Form 4
- 4/4/24 - Form 144
- 4/2/24 - Form 4
- QCOM's page on the SEC website