Cristiano Amon told CNBC Qualcomm has “no plans” to provide Apple with modem chips in 2024, but added it was “their decision to make.”
On a jam-packed day of earnings, the Club offers a quick breakdown on quarterly reports from Starbucks, Ford Motor and Qualcomm.
Rapid deterioration of smartphone demand, along with an easing of supply chain bottlenecks, resulted in an overabundance of chips at Qualcomm.
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