Qualcomm Braces for Slowdown in Smartphone Demand to Hit Its Chip Business

Qualcomm forecast fourth-quarter revenue below estimates on Wednesday, bracing for difficult economic conditions and a slowdown in smartphone demand that could hit its mainstay handset chips business. The chip designer still surpassed expectations for adjusted revenue in the third quarter. Qualcomm’s forecast comes at a time when leading chipmakers including Micron Technology and Texas Instruments … Read more