1. Qualcomm, a leading technology company, reported a 52% increase in revenue for the third quarter of the fiscal year, surpassing market expectations. The company’s stock price jumped by 8% following the announcement.
2. In response to growing demand for 5G technology, Qualcomm announced plans to invest $1.4 billion to build a new factory in Taiwan. The facility is expected to create thousands of jobs and boost the company’s production capacity.
3. Despite challenges posed by the global semiconductor shortage, Qualcomm remains optimistic about its future growth prospects. The company’s strong performance in key markets has positioned it for continued success in the coming quarters.

Read more at Barchart: Is Qualcomm the Best Semiconductor Stock to Buy Right Now?