Wirelesses tech giant Qualcomm (QCOM) is branching out to accelerate its growth. In a recent development, Qualcomm and an investment group SSW Partners announced the acquisition of automotive tech company Veoneer (VNE). Read more about the transaction here: Qualcomm and SSW Partners Reach Agreement for Veoneer Acquisition This is a significant move, especially as the handset market is reaching maturity and growth is decelerating. Highlighting the maturing handset market, Jefferies analyst Kyle McNealy stated that 5G would continue to drive Qualcomm’s performance in the future. However, Qualcomm could find it tough to generate “incremental growth at the corporate level.
https://www.tipranks.com/news/article/qualcomm-branches-out-to-accelerate-growth?utm_source=advfn.com&utm_medium=referral
QUALCOMM (NASDAQ:QCOM)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more QUALCOMM Charts.
QUALCOMM (NASDAQ:QCOM)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more QUALCOMM Charts.