The share price of the US wireless company Qualcomm (QCOM) continued in the Nasdaq Stock Exchange in New York today. The stock ended up 12,25 % to 79,08 dollars in the aftermatch of the yesterdays news of the global royalty settlement with Apple (AAPL). Yesterday evening the stock climbed over 23 % after the news release.
Apple-shares also rose and ended up 1,95% to 203,13 dollars. The settlement means that the companies have agreed the shipments for the next six years and also Apple made an onetime payment related to the royalties. In the future Apple will have Qualcomm chips in its iPhones while the current supplier Intel (INTC) has had delivery problems.
Intel also announced yesterday that it will exit the 5G modem markets and focus on other parts of 5G ecosystem. Intel shares ended up 3,26% to 58,56 dollars. According to markets the company sift is seen as positive action towards more profitable business sectors.
The overall market sentiment was down in spite of the positive outlook for the semiconductor and mobile industry. Dow Jones ended down 0,01 % to 26 449 points, the S&P 500 index ended down 0,23 % to 2900 points and Nasdaq ended down 0,05 % to 7996 points.
Euro was trading unhanged at 1,1296 dollars, as well as the UK sterling, unchanged at 1,30 dollars.
During the day the economic indicators showed that China GDP grew 6,4 % annual rate during the first quarter this year. The growth exceeded the estimates. On the other hand, the US trade deficit dropped in February due to the 20,2 % decline in the imports from China.