Shares of QUALCOMM, Inc. (NASDAQ:QCOM) ended Thursday session in green amid volatile trading. The shares closed up +0.95 points or 1.54% at $62.54 with 8.89 million shares getting traded. Post opening the session at $61.95, the shares hit an intraday low of $61.55 and an intraday high of $62.67 and the price vacillated in this range throughout the day. The company has a market cap of $90.74 billion and the numbers of outstanding shares have been calculated to be 1.47 billion shares.
QUALCOMM, Inc. (QCOM) on September 12, 2016 announced the opening of Qualcomm Communication Technologies (Shanghai) Co. Ltd., a semiconductor test facility in the Waigaoqiao (WGQ) free-trade zone in Shanghai, and its first foray into providing manufacturing services for semiconductors. By working with Amkor Technology, Inc., one of the world’s leading providers of contract semiconductor assembly and test services, the new company will combine Amkor’s extensive test services experience and state of the art cleanroom facilities with Qualcomm Technologies’ industry leadership in cutting-edge product engineering and development.
The new manufacturing facility demonstrates Qualcomm Technologies’ commitment to continue to invest and help develop semiconductor expertise in China, and is indicative of growth in semiconductor market leadership in the country. Through the ownership and operation of a semiconductor test center, Qualcomm Technologies will enhance its focus on customer service, continue to develop its expertise in operational excellence, and increase its business presence in China.
“The test facility is part of our continued mission to streamline supply chain operations and improve operational efficiency,” said Roawen Chen, senior vice president, QCT global operations, Qualcomm Technologies, Inc.
“Qualcomm Technologies continually strives to improve our manufacturing footprint in China and the formation of Qualcomm Communication Technologies in Shanghai is another example of this dedication,” said Frank Meng, chairman, Qualcomm China.
Shares of Skyworks Solutions Inc (NASDAQ:SWKS) ended Thursday session in green amid volatile trading. The shares closed up +4.62 points or 6.38% at $77.02 with 7.86 million shares getting traded. Post opening the session at $73.00, the shares hit an intraday low of $72.98 and an intraday high of $77.25 and the price vacillated in this range throughout the day. The company has a market cap of $14.66 billion and the numbers of outstanding shares have been calculated to be 187.50 million shares.
Skyworks Solutions Inc (SWKS) on August 29, 2016 announced that several of its semiconductor solutions are powering LG Electronics’ latest Online Connectivity Units (OCU) being leveraged across Volkswagen automobiles to enhance connectivity and convenience. The OCUs offer drivers seamless access to features such as smart home and location-based services from their vehicles. With more than a quarter of global vehicles expected to be connected to the internet by 2020, Skyworks is capitalizing on the need for advanced, next generation wireless devices addressing this growing market opportunity. Specifically, LG is leveraging eight Skyworks products, including advanced analog control ICs and integrated front-end modules.
“Skyworks is excited to partner with LG as they join forces with automotive leaders like Volkswagen in transforming cars into rolling hotspots,” said John O’Neill, vice president of product marketing for Skyworks. “Our automotive design wins with LG demonstrate how Skyworks is leveraging its mobile connectivity expertise, partnerships and scale to expand our reach across the Internet of Things.”
“As connected car technology continues to push the performance envelope and application boundaries, we rely on innovators like Skyworks to enable vital wireless connectivity for our next generation platforms,” said JS Kim, head of LG telematics research and development. “With Skyworks’ advanced mobile communications solutions, we are revolutionizing the way drivers interact with their vehicles.”