JP Morgan drops Apple and Qualcomm from its list of most preferred stocks, as demand for smartphones slows.
South Korea’s government will foster the development of non-silicon power semiconductors
Demand has soared for chips in recent months, with panic buying further squeezing capacity and driving up costs
Qualcomm launched a 5G-ready version of its Snapdragon 4 chips that will run on cheaper phones, priced at $125-$250
The potential threat to the mobile phone industry, with a possible impact on manufacturing and sale
Qualcomm is supplying chips for 5G, the next generation of mobile networks
Chips would also power mid-price devices
Qualcomm lost in an antitrust lawsuit brought by the Federal Trade Commission earlier this year
The auto and tech industries have been split over which technology works better and is safer: wifi or 5G
Qualcomm has argued in court that the ruling could hamper critical negotiations with phone makers over 5G technology
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