Gareth Halfacree Thu 29 Jul 2021 // 12:15 UTC Qualcomm's strong financials for the third quarter of 2021 come with a warning. Supply shortages aren't over yet – and the fabless chip maker may be turning to Intel to help meet demand. To say Qualcomm's results look healthy is no understatement. The company reported [PDF] $8.06bn in revenue for the quarter ended 27 June, a 65 per cent gain year-on-year driven, CFO Akash Palkhiwala claimed in the company's earnings call, by "revenue diversification" including a shuffling of mobile technologies into the automotive market and "a partial recovery from the impact of COVID in the year-ago period." The bulk of the company's revenue came, as always, from parts and IP destined for mobile handsets, which grew 57 per cent year-on-year to $3.863bn – though the biggest growth came from its radio-frequency (RF) front end business, which jumped 114 per cent to $957m. The Internet of Things (IoT) division grew 83 per cent to $1.399bn, while its automotive arm grew by the same amount but remains a relative tiddler at $253m in revenue. Licensing jumped to $1.632bn versus $1.09bn a year ago.Continue reading