Qualcomm Achieves Record Sales Amid Growing Demand for 5G Smartphones

Qualcomm Inc. posted record quarterly sales amid strong demand for 5G smartphones in the face of supply chain constraints.

The mobile phone chip giant, whose processors are in many new 5G handsets, said sales rose 12% to $ 9.3 billion in the fiscal fourth quarter, generating a profit of 2.8 billion dollars, exceeding Wall Street expectations.

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