5G demand builds business at the chip concier qualcomm

5G demand builds business at the chip concier qualcomm

At the chip concier Qualcomm, the interest in rapid 5G data radio provides for rapid growth. In the past quarter, sales rose by 65 percent year-on-year to 8 billion US dollars. The profit also jumped from $ 845 million (715.5 million. Euro) a year ago on last good two billion dollars high.

However, this is a comparison with a weak quarter after consultation of borse experts, like CNBC notes. In the second quarter of 2020, the chip developer recorded lower demand due to the coronavirus pandemic. Qualcomm is strongly in the business with 5G modems, with which the Californian company also supplies Apple’s iPhones. Also, the main chips of many smartphones with Google’s operating system Android from Qualcomm.

Qualcomm achieves 80 percent of its turnover with the selling of these chips. Here, the revenue at the last year has increased by 70 percent to $ 6.47 billion, as Qualcomm announced after US Borsen’s deadline on Wednesday. Groomed growth in the semiconductor area recorded Qualcomm with modem chips, for example for 5G mobile radio. Sales increased by 114 percent to $ 957 million.

Cars, Iouch Chip Dangel

The automotive sector is still relatively modest at Qualcomm with $ 253 million quarterly sales, but also a growth was recorded with 83 percent. The business area of the Internet of Things (IoT) is also 83 percent in parallel with 83 percent to just under 1.4 billion dollars. Qualcomm offers energy-efficient chips for network and industrial purposes.

Qualcomm does not make his chips themselves, but let them produce with manufacturing partners like TSMC and Samsung. With the global chip deficiency, therefore, Qualcomm has to fight, but the chip developer wants to use Intel’s Foundry services. The supply bottleneck at microchips wants to overwound Qualcomm last until the end of 2021. That had already promised the company in the last quarter.

Positive outlook Stock price

For the rest of the year, Qualcomm expects growth in the single-digit percentage range in smartphone-selling after demand for the Coronavirus pandemic was 11 percent. To this end, 450 to 550 million 5G phones should be under. Therefore, Qualcomm for the third quarter forecasts further revenue growth to 8.4 to 9.2 billion dollars. In the same period of the previous year, Qualcomm’s sales still amounted to $ 8.35 billion.

Market observers had expected a quarterly turnover of $ 7.5 billion, which Qualcomm has clearly surpassed with 8.06 billion rather. Since the forecast for the remainder of this year was positive, Qualcomm’s share price in subport trading climbed around almost four percent. /

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