Qualcomm (QCOM) Announces New $10B Stock Buyback

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Qualcomm Announces New $10.0 Billion Stock Repurchase Authorization

October 12, 2021 4:30 PM EDT

SAN DIEGO, Oct. 12, 2021 /PRNewswire/ -- Qualcomm Incorporated (Nasdaq: QCOM) today announced that its Board of Directors has approved, effective immediately, a new $10.0 billion stock repurchase authorization. The new stock repurchase authorization is in addition to the Company's stock repurchase program announced in July 2018, which has $0.9 billion of repurchase authority remaining. 

The new stock repurchase program has no expiration date. The timing of stock repurchases and the number of shares of common stock to be repurchased will depend upon prevailing market conditions and other factors. Repurchases under this program... More