Pins matching tag:"Memory Shortage"

Qualcomm posted record quarterly revenue of $12.25 billion, then guided below Wall Street as the industry-wide memory shortage squeezed handset makers; the shares fell as much as 10% after hours.

Qualcomm's $10.6 billion quarter and weak guidance first knocked the shares down 7% after hours, then Cristiano Amon said data-center chips would ship to a large hyperscaler this year and the stock jumped 16%.

Qualcomm's revenue slipped 4% to $9.95 billion as handset chip sales fell 20%, and Cristiano Amon said the company would raise chip prices from 1 September to cover soaring memory and manufacturing costs.