Canada markets close in 53 minutes

QCOM Oct 2023 145.000 put

OPR - OPR Delayed Price. Currency in USD
Add to watchlist
31.650.00 (0.00%)
As of 03:17PM EDT. Market open.
Full screen
Previous Close31.65
Expire Date2023-10-20
Day's Range31.65 - 31.66
Contract RangeN/A
Open InterestN/A

    Qualcomm plans downsizing amidst economic uncertainties, denies shutting China R&D facility

    US chip-major Qualcomm (NASDAQ:QCOM) has refuted claims of shutting down its research and development (R&D) facility in Shanghai, China, despite admitting to plans for downsizing due to economic uncertainties and wavering demand. The company clarified its position on Monday, emphasizing that there are no plans for large-scale job cuts at the Shanghai facility, which employs nearly 393 employees.


    Qualcomm to downsize Shanghai R&D facility amid tech tensions and declining smartphone sales

    Qualcomm (NASDAQ:QCOM), the American semiconductor giant, is set to reduce its workforce at its research and development (R&D) facility in Shanghai, China, as it navigates a challenging period marked by ongoing technology tensions between the US and China, as well as a slump in smartphone sales. The planned downsizing measures are expected to be implemented primarily in the fiscal fourth quarter, according to Chinese news service Yicai Global on Monday.


    Qualcomm to unveil two variants of Snapdragon 8 Gen 3 chipset next month

    In a series of recent developments, Qualcomm (NASDAQ:QCOM) is preparing to announce the Snapdragon 8 Gen 3 chipset at the upcoming Snapdragon Summit in Hawaii. The semiconductor giant plans to reveal two versions of the processor, according to leaked email conversations between Qualcomm and its partners, including Samsung (KS:005930). The documents were made public by South Korean blog gamma0burst on Monday.