Qualcomm on Monday said it had signed a deal with Apple to supply 5G chips until at least 2026, at a time when the iPhone maker faces increased challenges in China and looks to reinforce its supply chains elsewhere, reports Reuters.
Qualcomm shares were up 3.2 per cent at $109.55 after markets opened.
The company is the leading designer of what are known as modem chips that connect phones to mobile data networks. Apple shares were flat.
Qualcomm to supply Apple with 5G chips until 2026
FE Team | Published: September 11, 2023 23:25:41
Qualcomm to supply Apple with 5G chips until 2026
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