Qualcomm warns about shortage of SoCs in the market

Fahad PervezWeb Editor

05th Feb, 2021. 12:09 am

Qualcomm is known as the largest chipmaker company in the world, now has warned that the company failed to meet the demand for chipsets in the market.

“The shortage in the semiconductor industry is across the board,” said incoming Chief Executive Officer Cristiano Amon.

It seems difficult for Qualcomm to urgently solve this issue of meeting demand. However, industry reports indicate that the situation is expected to be normal in the second half of this year.

Qualcomm recently revealed its financial data. In its fiscal first quarter, chipmaker reported revenue of $8.24 billion, a gain of 62% compared to last year. Net income was $2.12 a share. Not including certain items, profit was $2.17 a share, compared with Wall Street’s average estimate of $2.09.

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