Qualcomm (QCOM) 'Plan B' if NXPI Deal is Blocked is Buybacks - RBC

ZTE Ban Could be to Blame for MOFCOM Hesitation on Qualcomm (QCOM)/NXP (NXPI) Deal - Rosenblatt

Rosenblatt analyst Jun Zhang things the ZTE ban could have been the catalyst for the negative commentary out of MOFCOM on the pending Qualcomm (NASDAQ: QCOM)/NXP (NASDAQ: NXPI) transaction.

Zhang said their recent research suggests the Chinese governments initial efforts to negotiate with the U.S. to resolve the concerns around ZTE have failed and that could make MOFCOM more likely to postpone approval on the pending U.S. based... More

TSMC's smartphone warning points squarely at Apple: analysts

By Sonam Rai

(Reuters) - Shares in Apple Inc (NASDAQ: AAPL) and its suppliers fell on Thursday after a raft of analysts read a prediction of softer smartphone sales from Taiwan Semiconductor Manufacturing Co Ltd as driven chiefly by concern about demand for iPhones.

TSMC, the world's largest contract chipmaker and a major Apple supplier, revised its full-year revenue target to the low end of its earlier forecast.

"Apple represents nearly 20 percent of TSMC's revenue so the outlook potentially points to weaker-than-anticipated iPhone demand," Atlantic Equities analyst James... More

Deutsche Bank Highlights Six Apple Suppliers With Exposure after TSM Warnings; Says Headwinds Largely Captured in Estimates

Deutsche Bank analyst Ross Seymore weighed on in implications to their Apple (NASDAQ: AAPL) supplier coverage after TSMC reported in-line results but provided a revenue guidance 9% below Street expectations and lowered their full year guidance from +10-15% y/y growth to 10% y/y... More

NXP Semiconductors (NXPI) Falls to Lows as Qualcomm (QCOM) Deal Jitters Intensify

NXP Semiconductors (NASDAQ: NXPI) adds to earlier losses as a Qualcomm (NASDAQ: QCOM) source indicated to CNBC's David Faber that it is "concerned" about the deal following the latest MOFCOM request and given the current political... More

Lynx Equity Shares Thoughts on Qualcomm's (QCOM) 1,500 Job Cuts

Qualcomm (NASDAQ: QCOM) is cutting 1,500 people from the company in California. Lynx Equity analyst Jahanra Nissar comments that she is hearing there are deep cuts being made in critical chip design support group such as Electronic Design Automation, Design Verification, and Physical... More

Qualcomm (QCOM) PT Lowered to $56 at Stifel, Says MOFCOM Increases Uncertainty of NXP Acquisition

Stifel lowered its price target on Qualcomm (NASDAQ: QCOM) to $56.00 (from $68.00) while maintaining a Hold rating.

Pre-Open Movers 04/19 (BPTH) (GWW) (AMZN) Higher; (ACET) (HMNY) (SNBR) (PIR) Lower (more...)

Today's After-Hours Movers

ACETO Corp (NASDAQ: ACET) 52.7% LOWER; Said Guidance Should No Longer Be Relied Upon, Anticipates 'Significant' Reduction of Dividend

Helios and Matheson Analytics Inc. (NASDAQ: HMNY) 33.7% LOWER; announced the pricing of a best efforts underwritten public offering of an aggregate of 10,500,000 Series A-2 units (the Series A-2... More

Exclusive: China looks to speed up chip plans as U.S. trade tensions boil - sources

By Elias Glenn and Cate Cadell

BEIJING (Reuters) - China is looking to accelerate plans to develop its domestic semiconductor market amid a fierce trade stand-off with the United States and a U.S. ban on sales to Chinese phone maker ZTE that has underscored the country's reliance on imported chips.

Senior Chinese officials have held meetings this week with industry bodies, regulators and the country's powerful chip fund about speeding up already aggressive plans for the sector, two people with direct knowledge of the talks told Reuters.

The talks underscore China's concern about its... More

Qualcomm (QCOM) and NXP (NXPI) Agree to Withdraw and Refile Application for Chinese Regulatory Approval Following MOFCOM Request

Qualcomm Incorporated (NASDAQ: QCOM) ("Qualcomm") today announced that Qualcomm and NXP Semiconductors N.V. (NASDAQ: NXPI) ("NXP") at the request of the Ministry of Commerce in China (MOFCOM) have withdrawn and refiled the notice of acquisition regarding the companies' planned combination.

In conjunction with the refiling, NXP and Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, have agreed, among other things, to extend the end date of their purchase... More

NXP Semiconductors (NXPI) on Watch as China Tells Qualcomm (QCOM) to Do More to Clinch Deal

NXP Semiconductors (NASDAQ: NXPI) shares on watch as a commerce ministry spokesman said Qualcomm (NASDAQ: QCOM) will have to do more to complete its proposed takeover of NXP, according to Reuters.

The minister said China will review the deal "in a fair manner", he added.

Qualcomm concessions insufficient to clinch NXP deal: commerce ministry

BEIJING (Reuters) - U.S. chipmaker Qualcomm (NASDAQ: QCOM) will have to do more to complete its proposed takeover of NXP Semiconductors (NASDAQ: NXPI), a commerce ministry spokesman said on Thursday.

Qualcomm had submitted a remedy plan to... More

Qualcomm begins layoffs as part of cost cuts

By Munsif Vengattil

(Reuters) - Qualcomm Inc (NASDAQ: QCOM) has begun cutting jobs as part of its promise to investors to cut annual costs by $1 billion, the chipmaker said on Wednesday.

"Qualcomm is conducting a reduction of our full-time and temporary workforce," a company spokesperson who... More

Qualcomm (QCOM) Said to be Cutting Jobs as Part of Cost Reductions, to File Warn Notice in California - Bloomberg

Qualcomm (NASDAQ: QCOM) Said to be Cutting Jobs as Part of Cost Reductions, to File Warn Notice in California - Bloomberg