Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  QUALCOMM Incorporated    QCOM

QUALCOMM INCORPORATED

(QCOM)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Huawei chairman urges U.S. to reconsider 'attack' on global supply chain

share with twitter share with LinkedIn share with facebook
09/23/2020 | 03:23am EDT
Huawei Connect in Shanghai

Chinese telecom giant Huawei Technologies said on Wednesday its supply chain was under attack from the United States and called on Washington to reconsider its trade restrictions which were hurting suppliers globally.

The world's biggest maker of mobile telecommunications equipment and smartphones is under pressure from U.S. trade curbs designed to choke Huawei's access to commercially available chips.

"The U.S. has modified their sanctions for the third time and that has indeed brought great challenges to our production and operations," Huawei Chairman Guo Ping told reporters in Shanghai.

Washington says Huawei is a vehicle for Chinese state espionage and from Sept. 15 imposed new curbs barring U.S. companies from supplying or servicing the company. Huawei has repeatedly denied being a national security risk.

Guo said that although Huawei had sufficient chips for its business-to-business operations, including its 5G network enterprise, it was feeling the pinch of the U.S. restrictions on its smartphone chip stocks.

It understood that suppliers such as Qualcomm were applying for U.S. licences which would allow them to continue serving Huawei, he added.

Intel has already received licences to supply certain products to Huawei, while China's Semiconductor Manufacturing International Corp, which uses U.S.-origin machinery to produce chips for Huawei, has applied for a licence, Reuters has previously reported.

Huawei was willing to use Qualcomm chips in its smartphones should Qualcomm get a licence to sidestep the restrictions, Guo added. Qualcomm did not immediately respond to a request for comment.

"We hope the U.S. government can reconsider its policy and if the U.S. government allows it we are still willing to buy products from U.S. companies," Guo said on the sidelines of its annual Huawei Connect conference.

Huawei has said that from Sept. 15 it would stop manufacturing its most advanced chips under its Kirin line which power its high-end phones. Analysts expect its existing supply of Kirin chips will run out next year.

Consumers have rushed to buy Huawei phones amid concerns its mobile division is about to fold. Vendors say that prices have spiked by as much as 500 yuan ($74) for some devices.

Washington has shown little sign that it is willing to back down from its fight with Huawei, which comes at a time when relations between the United States and China are at their worst in decades.

The United States said last month it would expand a programme it called "Clean Network" to prevent various Chinese apps and telecoms companies from accessing sensitive information on American citizens and businesses.

David Wang, a Huawei executive director, said the company hoped that countries would introduce "rational standards" for 5G. Huawei had yet to see any adverse impact on its global 5G business from the U.S. programme, he added.

By Josh Horwitz and Brenda Goh


Stocks mentioned in the article
ChangeLast1st jan.
INTEL CORPORATION -3.12% 46.69 Delayed Quote.-19.47%
KIRIN HOLDINGS COMPANY, LIMITED 0.43% 1974 End-of-day quote.-17.41%
QUALCOMM INCORPORATED -2.25% 125.785 Delayed Quote.46.07%
SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION -0.97% 20.4 End-of-day quote.70.85%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.52% 6.69885 Delayed Quote.-4.24%
YAGEO CORPORATION 2.54% 363 End-of-day quote.-16.93%
share with twitter share with LinkedIn share with facebook
All news about QUALCOMM INCORPORATED
10/23QUALCOMM INCORPORATED : Schedules Fourth Quarter and Fiscal 2020 Earnings Releas..
PR
10/23Huawei ekes out third-quarter revenue growth as U.S. restrictions bite
RE
10/22THE U.S. VS. CHINA : The High Cost of the -2-
DJ
10/22THE U.S. VS. CHINA : The High Cost of the Technology Cold War -- Journal Report
DJ
10/22QUALCOMM INCORPORATED : Technologies support Jacoti hearing technology to help d..
PU
10/20Qualcomm jumps into 5G infrastructure market with base station chips
RE
10/19China tells U.S. companies that they are welcome in its market
RE
10/14QUALCOMM INCORPORATED : Announces Quarterly Cash Dividend - October 2020
AQ
10/14QUALCOMM INCORPORATED : Announces Quarterly Cash Dividend
PR
10/13Imagination Technologies takes aim at data centers with new chip designs
RE
More news
Financials (USD)
Sales 2020 21 093 M - -
Net income 2020 4 558 M - -
Net Debt 2020 5 014 M - -
P/E ratio 2020 32,2x
Yield 2020 1,97%
Capitalization 145 B 145 B -
EV / Sales 2020 7,13x
EV / Sales 2021 5,31x
Nbr of Employees 37 000
Free-Float 99,9%
Chart QUALCOMM INCORPORATED
Duration : Period :
QUALCOMM Incorporated Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends QUALCOMM INCORPORATED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 129,27 $
Last Close Price 128,88 $
Spread / Highest target 28,0%
Spread / Average Target 0,30%
Spread / Lowest Target -42,6%
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
Sector and Competitors
1st jan.Capitalization (M$)
QUALCOMM INCORPORATED46.07%145 411
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED35.95%408 694
NVIDIA CORPORATION131.03%335 795
INTEL CORPORATION-19.47%197 524
BROADCOM INC.17.94%150 766
TEXAS INSTRUMENTS16.89%137 655