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Stock impact report

Qualcomm's Nightmare Continues as U.S. Regulators Slam ZTE [The Motley Fool]

QUALCOMM Incorporated (QCOM) 
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
Company Research Source: The Motley Fool
The chipmaker gets caught in the crossfire again. China has been a tough market for Qualcomm ( NASDAQ:QCOM ) over the past few years. Chinese regulators fined the chipmaker nearly $1 billion in late 2015 over its licensing practices, and forced it to lower its licensing fees for Chinese OEMs. Even then, some Chinese OEMs allegedly underreported their shipments to pay lower licensing fees, forcing Qualcomm to sign new licensing agreements with each device maker. Qualcomm's long-delayed takeover of NXP Semiconductors ( NASDAQ:NXPI ) remains in limbo as China's Ministry of Commerce takes its time with its decision. Qualcomm tried to curry the favor of the Chinese government by working with Chinese companies to develop new chips for connected cars, Internet of Things (IoT) devices, and 5G technologies. Unfortunately, President Trump then proposed tough tariffs against China, turning Qualcomm into a potential target for retaliation from Chinese regulators. Im Show less Read more
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