Xilinix, Teradyne, Lam Research and Texas Instruments all beat earnings expectations in their reports on Wednesday, sending the chip sector higher by the end of the day. The only outlier was Qualcomm which was negative on the day.
Kerrisdale Capital, is shorting Qualcomm shares and released a research report stating that Qualcomm is “teetering on the brink of disaster” and that its unique business model is “living on borrowed time.”
The FTC sued Qualcomm for violated FRAND {fair, reasonable, and non-discriminatory} rules, which states that companies that become members of the rule structure must license their products to competitors.
Apple filed a lawsuit
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