Chipmaker Qualcomm forecasts strong revenue, warns of trade-curb impact

Chipmaker Qualcomm forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for high-end Android devices and the need for more chips in smartphones that are getting AI upgrades.

Shares of San Diego, California-based Qualcomm rose more than 5 per cent in extended trading after it reported results, but pared gains to trade down 1.4 per cent after the firm flagged a revenue hit from the US revoking one of its export licenses for sanctioned Chinese telecom firm Huawei.