|Bid||73.60 x 800|
|Ask||73.61 x 800|
|Day's range||73.31 - 75.59|
|52-week range||49.10 - 90.34|
|Beta (3Y monthly)||1.64|
|PE ratio (TTM)||38.97|
|Earnings date||31 Jul 2019|
|Forward dividend & yield||2.48 (3.31%)|
|1y target est||86.51|
Huawei founder and CEO Ren Zhengfei says his company is reviewing future contracts with U.S. suppliers.
As most companies in this space are likely to deliver a positive earnings surprise, the semiconductor ETFs might continue to see smooth trading in the weeks ahead.
Huawei wrote in an emailed statement that the lay-offs, effective as of Monday, were “due to the curtailment of business operations” caused by Washington putting Huawei on the US “Entity List”. The ban means that Futurewei, which is based in California and incorporated in Texas, can no longer transfer US-originated technologies back to Huawei, thus scuppering the original aims of the research arm. Futurewei was founded in 2001 and its operating costs last year were $510m, Huawei said.
Taiwan Semiconductor Manufacturing (TSM), the world’s largest contract chipmaker, competes with Samsung Foundry (SSNLF) and Global Foundries.
The US-China trade deal is reportedly 90% complete. However, it’s the remaining 10% that’s turning out to be difficult.
Ericsson (ERIC) second-quarter 2019 earnings miss by a penny, while AT&T (T) collaborates with IBM to facilitate diverse businesses to harness edge connections and edge computing capabilities.
Fresh off its high-profile feud with Apple, Qualcomm is suffering more legal woes. An investigation by the European Commission has found Qualcomm abused its market dominance in the manufacture of 3G baseband chipsets and will have to pay a steep €242 million ($271 million) fine. The case refers to a period between 2009 and 2011 when Qualcomm was in competition with NVIDIA's modem business, Icera, to create smaller and more efficient wireless chips.
A long-running European antitrust investigation into whether Qualcomm used predatory pricing when selling UMTS baseband chips about a decade ago has landed the chipmaker with a fine of €242 million (~$271M) -- aka, 1.27% of its global revenue for 2018. The EU regulator concluded Qualcomm used abusive pricing to force its main rival at the time, UK-based company Icera, out of the market -- by selling certain quantities of three of its UMTS chipsets below cost to two strategically important customers: Chinese tech companies Huawei and ZTE. .@Qualcomm sold baseband chipsets (for mobile devices to connect to the Internet) at a price below cost to key customers.
Qualcomm , the world's no.1 chipmaker, was fined 242 million euros ($272 million) by the European Commission on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust penalty. The European Commission, the EU's competition regulator, accused Qualcomm of predatory pricing between 2009 and 2011 aimed at forcing out British phone software maker Icera, now part of Nvidia Corp . "Qualcomm's strategic behavior prevented competition and innovation in the market," Competition Commissioner Margrethe Vestager said in a statement.
Investing.com - U.S. futures fell on Thursday, under the dual impact of a disappointing quarterly update from Netflix and revived concerns about U.S.-China trade.
The EU hit US chipmaking giant Qualcomm with an antitrust fine of 242 million euros ($271 billion) Thursday, in another blow against a tech titan that is fighting competition battles in Asia and the US. The fine is the second mega penalty levelled against Qualcomm by Brussels, which made it pay 997 million euros in January 2018. "Our investigation found that Qualcomm abused (its market) dominance between mid-2009 and mid-2011 by engaging in predatory pricing," an EU statement said.
The US chip giant Qualcomm was hit with a €242m fine on Thursday by the European Commission for abusing its dominant market position by using predatory pricing, concluding a nine-year case just as Brussels’ antitrust chief prepares to leave office. The commission’s investigation found that Qualcomm from 2009 to 2011 sold its own chipsets to two big customers without covering the cost of manufacturing them, with the explicit aim of pushing out smaller competitors such as the British start-up Icera. , the EU’s competition commissioner, to the US group for using unlawful business practices to muscle out competing 3G and 4G chipsets.
In yet another European Union move against a U.S. tech company, the bloc's antitrust chief on Thursday fined chipmaker Qualcomm $271 million, accusing it of "predatory pricing" to drive a competitor out of the market. EU Antitrust Commissioner Margrethe Vestager said Qualcomm was abusing its market dominance in 3G baseband chipsets. Qualcomm sold these products at a price below cost to key customers with the intention of eliminating a competitor," she said.
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.
Qualcomm , the world's no.1 chipmaker, could be hit with a second EU antitrust fine as soon as Thursday for blocking a rival from the market more than a decade ago, people familiar with the matter said. The company came under fire in 2015 when the European Commission accused it of predatory pricing between 2009 and 2011 aimed at forcing out British phone software maker Icera, now part of Nvidia Corp . The Commission says Qualcomm sold certain quantities of its UMTS baseband chipsets to two of its customers at below cost to shut Icera out of the market.