Qualcomm shares jump after US strikes deal with China's ZTE

Qualcomm shares jump after US strikes deal with China's ZTE

6 years ago
Anonymous $qrGo_Xv_Cm

https://www.cnbc.com/2018/06/07/qualcomm-shares-jump-after-us-strikes-deal-with-chinas-zte.html

Chip maker Qualcomm jumped as much as 5 percent Thursday after news of a deal between U.S. officials and Chinese telecom giant ZTE.

The leading U.S. chipmaker had for weeks been caught in the crosshairs of growing trade tensions. U.S. officials had banned American companies from selling components to ZTE, and Qualcomm is a major chip supplier for ZTE phones.

Qualcomm shares jump after US strikes deal with China's ZTE

Jun 7, 2018, 2:58pm UTC
https://www.cnbc.com/2018/06/07/qualcomm-shares-jump-after-us-strikes-deal-with-chinas-zte.html > Chip maker Qualcomm jumped as much as 5 percent Thursday after news of a deal between U.S. officials and Chinese telecom giant ZTE. > The leading U.S. chipmaker had for weeks been caught in the crosshairs of growing trade tensions. U.S. officials had banned American companies from selling components to ZTE, and Qualcomm is a major chip supplier for ZTE phones.