Intel said it will slash as many as 12,000 jobs as it continues to try to recover from an inability to exploit the smartphone era and a waning PC market.
Nvidia is suing Qualcomm in London for unfairly forcing it to pull the plug on the Icera business it bought in 2011, Bloomberg reported.
As expected, Qualcomm revenues for the latest quarter plummeted from the year-ago period, and the company said it doesn't expect great things from the current quarter given the slowdown in the worldwide smartphone market.
Sony said it will acquire Altair Semiconductor for $212 million in an effort to gain ground in the burgeoning IoT market.
Qualcomm said South Korean antitrust authorities have accused the chipset giant of violating South Korean law through its licensing practices and proposes to fine the company. The disclosure about the investigation, which was first launched earlier this year, is the latest in a series of tussles the company has had with antitrust regulators worldwide over its licensing business, which is how Qualcomm derives the majority of its profit.
Qualcomm officially debuted its Snapdragon 820 chipset, which it expects to be its flagship product that will power high-end smartphones next year. The silicon giant first unveiled the 820 at Mobile World Congress in March and has been dribbling out details about the chipset, but held a press event in New York City yesterday to explain its key benefits.
Qualcomm reported quarterly earnings that beat analysts' expectations, even as its sales and profit fell sharply from a year ago. However, Qualcomm's expectations for its current quarter fell below analysts' forecasts, as the chipset giant is facing headwinds in negotiating new patent licensing deals with Chinese smartphone makers.
Sprint MVNO FreedomPop plans to launch a smartphone next year designed for its Wi-Fi-first service in a partnership with Intel. The phone will use Intel's SoFIA chipset platform and be launched on the network of FreedomPop's second U.S. carrier partner, which it plans to unveil in 2016.
Intel has at least 1,000 employees working with Apple to get Intel's 7360 LTE modem chipset into Apple's 2016 iPhones, according to a VentureBeat report. The report, citing unnamed sources, said Intel might end up providing the modem as well as the fabrication for a new Apple system-on-a-chip for the iPhone.
Intel CEO Brian Krzanich said the company remains "solidly on track" to achieve its previously committed goal to cut around $800 million from losses in its mobile business this year and said more than 75 percent of that goal has already been realized so far. The chipset maker also confirmed it acquired the CDMA modem assets of VIA Telecom.