News Snapshot:
Qualcomm, a leading American semiconductor company, has recently confirmed that Huawei, a Chinese telecommunications giant, no longer requires its processors. This announcement comes amidst ongoing tensions between the United States and China over trade and technology restrictions. The confirmation by Qualcomm’s CFO that Huawei will not be purchasing 4G chips from the company in the future underscores the significant shift in the global technology landscape. History of Huawei – Qualcomm business The relationship between Huawei and Qualcomm has been marked by both collaboration and competition over the years. Huawei, founded in 1987 by Ren Zhengfei, initially focused on manufacturing telecom...