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Technology

Derrek Lee

Qualcomm and Samsung are hurting from lower chip demand

Qualcomm Samsung Akash Palkhiwala Cristiano Amon

Qualcomm logo

What you need to know

Qualcomm announced its FY Q2 2023 financial earnings on Wednesday.
Revenue dropped 17% year over year as a result of weak demand for headset chips.
Qualcomm's outlook for headsets has dropped due to ongoing macroeconomic challenges.

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