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RPT-Trump's Huawei ban raises hopes for Chinese chip suppliers [Reuters]
Last qualcomm incorporated earnings: 4/29 04:01 pm
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US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
RPT-Trump's Huawei ban raises hopes for Chinese chip suppliers - Reuters 4 Min Read (Repeats for Asian morning readership. Widens distribution. No change to text.) By Samuel Shen and Josh Horwitz SHANGHAI, May 21 (Reuters) - Washington’s blacklisting of technology giant Huawei has taken a toll on U.S. semiconductor shares, but China-listed firms have rallied as investors bet they can gain from Beijing’s stepped-up efforts to build a homegrown supply chain. Share price gains of little-known firms such as Shenzhen Fastprint Circuit Tech and Jiangsu Changjiang Electronics Technology could be fleeting, analysts say, but Huawei’s troubles could accelerate a long-term campaign in China to replace imported technologies. Since the White House added Huawei Technologies Co Ltd to a trade blacklist last week, several global companies have suspended business with the world’s largest telecoms equipment maker. Citic Securities called the U.S. ban on Huawei “a warning bell” for China’s chip industry
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- DeepGreenX and Veea Announce Global Strategic Partnership Agreement [Yahoo! Finance][Yahoo! Finance]
- Qualcomm stock falls after new autos, PC targets fail to wow investors [Yahoo! Finance Canada][Yahoo! Finance Canada]
- QUALCOMM Incorporated (NASDAQ: QCOM) had its price target lowered by analysts at Susquehanna from $230.00 to $210.00. They now have a "positive" rating on the stock.[MarketBeat]
- QUALCOMM Incorporated (NASDAQ: QCOM) had its "neutral" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $160.00 price target on the stock.[MarketBeat]
- Qualcomm Sets New Growth Targets, Showcasing Company's Opportunity as On-Device AI Accelerates Demand for its Technologies [Yahoo! Finance][Yahoo! Finance]
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