56.24 +0.16 (0.29%)
Pre-Market: 8:30AM EST
|Bid||56.04 x 2200|
|Ask||56.29 x 40000|
|Day's Range||55.77 - 56.41|
|52 Week Range||42.86 - 59.59|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||13.13|
|Earnings Date||Jan. 22, 2020 - Jan. 27, 2020|
|Forward Dividend & Yield||1.26 (2.25%)|
|1y Target Est||56.69|
(Bloomberg) -- Qualcomm Inc. is under no illusions about how long it will take to make a dent in Intel Corp.’s dominance of the laptop market. But a new set of chips it’s offering will make it tougher to keep Qualcomm out of computers.San Diego-based Qualcomm, whose processors are the heart of most of the world’s high-end smartphones, is trying to carve out a niche for its technology with laptops that last more than a day on a single battery charge and are always connected to the internet. Current models, such as Microsoft Corp.’s Surface Pro X, cost more than $1,000. Qualcomm is now rolling out new chips that will allow PC makers to build machines that compete with budget systems retailing for as low as $300.“We were not confused. We knew this market would take a long time,” said Qualcomm product director Miguel Nunes. “We still understand it’s going to take longer.”More affordable devices will help, Nunes said. But Qualcomm and other interlopers need new ways to reach consumers if they’re to overcome Intel’s brand recognition and marketing spending. One thing that’s helping is the sale of Qualcomm chip-based laptops by mobile phone service providers. Like phones, they’re increasingly being offered on monthly installment purchase plans, making the devices more affordable, Nunes said. Carriers like the cellular component of Qualcomm chips which ties customers to their networks, he said.Corporations like the idea that the the machines they give to employees are always connected to the internet. Interest from that market has surprised Qualcomm. Knowing where the machines are and being able to update them all the time are advantages of a cellular link, Nunes said.Qualcomm’s attempts to get into PCs are part of a broader push to push mobile technology into devices outside of the smartphone market. Growth in smartphones has slowed as consumers have shown less interest in upgrading to devices that offer marginal improvements over existing models. Qualcomm is targeting PCs in particular where it believes chips based on mobile technology can offer huge improvements in battery life, promised but not delivered by Intel-based devices, and have them continually connected to the internet.“One of the challenges we’ve seen is that the computing industry was plagued by a lot of lies when you talk about battery life,” Nunes said. “Consumers don’t believe you.”Qualcomm-based devices go days without needing to be plugged in, he said. With coming fifth-generation networks, they’ll also get extremely fast data all the time, enabling them to take advantage of more powerful computing over the internet, he said.The company is holding its annual conference in Hawaii. It has introduced new 5G chips for mobile phones, including ones that will enable cheaper handsets from early next year, and a new offering for virtual reality and augmented realty headsets.To contact the reporter on this story: Ian King in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The following is an opinion editorial from Leslie Culbertson of Intel Corporation. The globalization of technology design, development, manufacturing and distribution has created an environment of complicated supply chains with limited transparency. Government agencies, commercial organizations and consumers deserve this transparency and the benefit it can bring for improved platform security and resiliency.
What’s New: Intel today launched Intel® Solutions Marketplace, an innovative platform to help partners deploy solutions in an increasingly complex, data-centric economy. On the new platform, and all from personal dashboards, Intel partners can grow their businesses through new partner connections and matchmaking, receive and manage leads, monitor business performance, and market solutions to end customers. The new platform joins Intel® Partner University as a key offering of Intel® Partner Alliance, the company’s announced channel partner program transformation designed to help partners connect, innovate and grow in a data-centric world.
President Trump's latest hints at a delay in the U.S.-China trade agreement causes the yield on benchmark 10-year Treasury note to hit the lowest in the last four months.
Intel (INTC) is likely to acquire Israel-based Habana Labs. The talked-about acquisition is expected to aid Intel enhance AI chip development capabilities.
The AWS Graviton2 processor, which is estimated to be seven times faster than its previous chip, uses technology from SoftBank Group Corp-owned Arm Holdings. Reuters reported last week that Amazon was looking to design a data center processor chip to power its cloud unit. Data center processor chips are used in cloud computing, an area that is fast emerging as a big business.
(Bloomberg) -- Amazon.com Inc.’s cloud unit keeps trying to eat away at Intel Corp.’s stranglehold on the server chip market.Amazon Web Services has developed a more powerful version of its own chips to power services for cloud-computing customers, as well as some of AWS’s own programs. AWS Chief Executive Andy Jassy on Tuesday introduced a second-generation chip, called Graviton2, aimed at general-purpose computing tasks. He didn’t specify a release date.The company last year unveiled its first line of Graviton chips, which it said would support new versions of its main EC2 cloud-computing service. Prior to that, Amazon -- and other big cloud operators -- had almost exclusively used Intel Xeon chips. The company said at the time that the Graviton-backed cloud service would be available at a “significantly lower cost” than existing offerings run on Intel processors.Intel’s chips account for more than 90% of the server chip market and handle most tasks at the biggest cloud providers including Amazon, Microsoft Corp. and Alphabet Inc.’s Google. But these companies are also announcing plans to use Intel’s main rival Advanced Micro Devices Inc. AMD has forecast it will top 10% in server processor market share by mid-2020, a target that analysts at Instinet LLC said in a note is achievable.Jassy said on Tuesday that Intel is “a very close partner,” but that to push the envelope on prices, “we had to do some innovating ourselves.”Amazon is using its 2015 acquisition of startup Annapurna Labs, which Jassy called a “a big turning point for us,” to design its own chips. The new processor uses technology from SoftBank Group Corp. unit ARM Holdings, a standard that dominates in mobile phones.\--With assistance from Ian King.To contact the reporters on this story: Matt Day in Seattle at email@example.com;Dina Bass in Seattle at firstname.lastname@example.orgTo contact the editors responsible for this story: Robin Ajello at email@example.com, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Intel (INTC) wraps up the divestiture of its smartphone modem business to better focus on development of technology for 5G network infrasturcture.
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Intel Corporation today announced it has completed the sale of the majority of its smartphone modem business to Apple. As previously disclosed, this transaction enables Intel to focus on developing technology for 5G networks while retaining the option to develop modems for non-smartphone applications, such as PCs, internet of things devices and autonomous vehicles. Intel (INTC), a leader in the semiconductor industry, is shaping the data-centric future with computing and communications technology that is the foundation of the world’s innovations.
It's not like this wasn't among the reasons everywhere suspected when Apple suddenly announced it was buying Intel's modem business, but now the chipmaker has filed a brief in support of the FTC in an ongoing appeal by Qualcomm of a decision made in May. That decision found in favor of the FTC's allegations that Qualcomm's licensing arrangements for its IP around CDMA and LTE technologies have choked out other potential competitors. Earlier this year, Apple and Qualcomm agreed to drop ongoing lawsuits the two sometime-partners had filed agains one another, settling a feud in the courts that had started back in 2017 when Apple accused Qualcomm of overcharging it for use of Qualcomm's patents.
Qualcomm is seeking to overturn a sweeping antitrust decision requiring it to renegotiate its licensing agreements at reasonable prices. Appeal proceedings in the case brought by the U.S. Federal Trade Commission are expected to begin in January, but Qualcomm's opponents are weighing in early to argue that the anti-trust decision should be allowed to stand. Trade groups representing the U.S. units of BMW , Ford Motor Co , General Motors Co and Toyota Motor Co , among others, made various claims about adverse effects of Qualcomm's licensing practices in the 9th U.S. Circuit Court of Appeals.