3 Chip Stocks to Note Now: Qualcomm Helps HTC, Intel’s Stab at the Smart Grid, AMD Keeps Trucking
Qualcomm Corp. (NASDAQ:QCOM): Qualcomm is working with phone manufacturer HTC to alter a component for the Taiwan company’s flagship One smartphone, among others, to avoid a possible U.S. ban on imports of the devices, people familiar with the matter told The Wall Street Journal. A U.S. International Trade Commission judge put forth a preliminary ruling last week that HTC infringed on two Nokia patents that involve the enhancement of transmission and reception of phone calls; Nokia’s filings with the commission said the chip covered by the patents was made by Qualcomm, according to the Journal.
Intel Corp. (NASDAQ:INTC): Intel is exploring a leap into the the global smart-grid market in the wake of a spike in demand for for energy-saving technologies, Bloomberg reports. Intel is aiming at snagging a “significant chunk” of the market for smart-grid microprocessors, which may surpass $5 billion in annual sales by the end of the decade, according to Hannes Schwaderer, Intel’s director of energy in Europe, the Middle East, and Africa.
Advanced Micro Devices (NYSE:AMD): AMD has struck the Holy Trinity of the game industry, with its chips comfortably nestled within Nintendo’s Wii U, Microsoft’s Xbox One, and Sony’s PlayStation 4. However, rather than bask in its good fortune, AMD is moving ahead, following up on plans it announced for a Unified Gaming strategy in March, with a unified Radeon experience across consoles, PCs, and the cloud. It’s also revealing new video cards and a push into audio, as well.