3 Chip Stocks to Note Now: Qualcomm’s Big Samsung Payoff, ARM Holdings Rides Upgrade, and AMD Teams With LibreOffice
Qualcomm (NASDAQ:QCOM): Samsung (SSNLF.PK) is set to announce that its Galaxy S 4 smartphone has sold 20 million units, according to a Korean news outlet. This would bode well for Qualcomm, which is heavily entrenched in Samsung’s flagship phone. If the report is accurate, it means the phone took just two months to reach that sales number — the S 3 took 100 days to hit the same figure.
Advanced Micro Devices (NYSE:AMD): The creators of LibreOffice have teamed up with AMD to provide an open source office suite with an optimized GPU setup. Although the alliance is meant mostly for optimization of AMD’s upcoming Heterogeneous System Architecture, LibreOffice developers say their work will make spreadsheets go faster for users on just about any type of computer.