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Reenter the Snapdragon
Samsung reengages with Qualcomm
Awww...see?
Shares in Qualcomm, one of San Diego's largest employers, are on the rise following the announcement that mobile-phone giant Samsung will return to using the company's Snapdragon processors. The announcement last October that Samsung was moving toward using a proprietary chip in its flagship Galaxy mobile line made Qualcomm stock tank.
It eventually reached a low per-share price of $42.96 on February 10, down nearly a third from over $60 prior to the announcement. With the confirmation via a February 22 release that Qualcomm would return to powering Samsung devices, the stock continued a weeklong surge, reaching $51.28 by the end of the day.
Samsung's Galaxy S7, the first device to feature a Qualcomm chip since the companies' renewed agreement, goes on sale March 11, though pre-orders begin February 23.
Here's something you might be interested in.
Reenter the Snapdragon
Samsung reengages with Qualcomm
Reenter the Snapdragon
Samsung reengages with Qualcomm
Awww...see?
Shares in Qualcomm, one of San Diego's largest employers, are on the rise following the announcement that mobile-phone giant Samsung will return to using the company's Snapdragon processors. The announcement last October that Samsung was moving toward using a proprietary chip in its flagship Galaxy mobile line made Qualcomm stock tank.
It eventually reached a low per-share price of $42.96 on February 10, down nearly a third from over $60 prior to the announcement. With the confirmation via a February 22 release that Qualcomm would return to powering Samsung devices, the stock continued a weeklong surge, reaching $51.28 by the end of the day.
Samsung's Galaxy S7, the first device to feature a Qualcomm chip since the companies' renewed agreement, goes on sale March 11, though pre-orders begin February 23.
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