By Stephen Nakrosis

 

Qualcomm Inc. said Tuesday its board authorized a new $10 billion stock repurchase plan.

The new authorization is in addition to $900 million remaining from a program authorized in July 2018, Qualcomm said.

The new repurchase program has no expiration date, Qualcomm said.

Qualcom has a market cap of $140.93 billion.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

October 12, 2021 17:14 ET (21:14 GMT)

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