English
Qualcomm overtakes Intel in market capitalization
Peter Clarke, EETimes
11/9/2012 11:15 AM EST
LONDON – Qualcomm's standing as the leading supplier of application processors for mobile devices – and the fact that it is fabless – has boosted its market capitalization past Intel Corp., the world's largest chip maker.
San Diego-based Qualcomm is expected to increase its sales by 30 percent in 2012, according to market researcher IC Insights. Qualcomm's annual chips sales are expected to reach about $12.8 billion in annual chip sales, moving it three spots in the researchers' rankings to No. 4.
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