T = Trends for a Stock’s Movement
Qualcomm is engaged in the design and manufacturing of digital communications products and services. The company operates in four segments: Qualcomm CDMA technologies, Qualcomm technology licensing, Qualcomm wireless and Internet, and Qualcomm strategic initiatives. It develops and supplies integrated circuits and system software based on CDMA, OFDMA, and other technologies for uses in voice and data communications, networking, application processing, multimedia, and global positioning system products.
The Chinese government is holding onto substantial evidence that Qualcomm has been engaging in price fixing in the country, Reuters reports. According to comments attributed to the head of the National Development and Reform Commission, the Chinese department that deals with practices such as price fixing, there exists real evidence that the chip manufacturer has been engaging in illegal behavior. As of yet, both the Chinese government and Qualcomm have declined to formally comment on the issue.