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Senior leader announcement: Week of May 23

Senior leader announcement: Week of May 23
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'Woefully insufficient': Biden administration's assessment of critical infrastructure protection


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) divis ....

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