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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Qualcomm, Inc.    QCOM

QUALCOMM, INC.

(QCOM)
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China tells U.S. companies that they are welcome in its market

10/19/2020 | 05:42am EST
FILE PHOTO: The GM logo is pictured at the General Motors Assembly Plant in Ramos Arizpe, Mexico

SHANGHAI (Reuters) - China welcomes U.S. companies to actively participate in its market and will strive to create a fair and just environment, the industry ministry said on Monday, citing a meeting it held with firms such as Qualcomm Inc and General Motors.

Xiao Yaqing, China's Minister of Industry and Information Technology, made the comments during a video meeting held with a delegation sent by the US-China Business Council, the ministry said in a statement published on is website.

Executives from the headquarters of companies like General Motors and Qualcomm attended the meeting, alongside the heads of the US-China Business Council, the statement said, adding that Xiao had also commented on how there were good market prospects in areas like 5G technology and new energy vehicles.

The meeting comes as tensions between Beijing and Washington have escalated in recent weeks particularly over issues like technology that have ensnared Chinese companies like Semiconductor Manufacturing International Corp, TikTok owner ByteDance and Tencent Holdings

The Wall Street Journal (WSJ) reported on Saturday that Chinese officials had issued repeated warnings to U.S. government officials that China may detain Americans in China in response to the Justice Department's prosecution of Chinese military-affiliated scholars.

China's foreign ministry on Monday said in response to questions about the WSJ's report that the United States was trying to play victim.

(Reporting by Brenda Goh; editing by Emelia Sithole-Matarise)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
GENERAL MOTORS COMPANY -0.77% 44.65 Delayed Quote.21.80%
QUALCOMM, INC. 1.44% 151.78 Delayed Quote.71.44%
SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION -0.22% 22.2 End-of-day quote.85.93%
TENCENT HOLDINGS LIMITED 2.61% 589 End-of-day quote.56.82%
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Financials (USD)
Sales 2021 30 075 M - -
Net income 2021 6 825 M - -
Net Debt 2021 2 882 M - -
P/E ratio 2021 24,6x
Yield 2021 1,73%
Capitalization 170 B 170 B -
EV / Sales 2021 5,74x
EV / Sales 2022 5,20x
Nbr of Employees 41 000
Free-Float 99,9%
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Technical analysis trends QUALCOMM, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 28
Average target price 154,42 $
Last Close Price 149,98 $
Spread / Highest target 29,4%
Spread / Average Target 2,96%
Spread / Lowest Target -25,3%
EPS Revisions
Managers
NameTitle
Steven M. Mollenkopf Chief Executive Officer & Director
Cristiano R. Amon President
Mark D. McLaughlin Chairman
Akash Palkhiwala Chief Financial Officer & Executive Vice President
James H. Thompson Chief Technology Officer
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