Jul 25, 2018

Qualcomm doesn't expect Apple to use its modem chips in next iPhone

Ina Fried, author of Login

Photo: Andrej Sokolow/picture alliance via Getty Images

Qualcomm acknowledged Wednesday that it expects Apple will go exclusively with rival chipmakers to supply the modems on the next iPhone. The move comes as the two companies remained locked in a bitter licensing dispute.

Why it matters: Although Apple designs its own processors, it relies on others for modem chips and had been a big Qualcomm customer until recently. Apple has used a mix of Intel and Qualcomm modems in recent iPhones. Qualcomm will still supply some modem chips for older iPhone models.

Separately: Qualcomm announced earlier Wednesday it expects to drop its long-running NXP Semiconductors bid and will instead launch a $30 billion stock buyback. The company also posted quarterly financial results that beat analyst expectations.

Go deeper

Updated 29 mins ago - Politics & Policy

Biden: George Floyd's last words are "a wake-up call for our nation"

Former Vice President Joe Biden meets with clergy members and community activists during a visit to Bethel AME Church in Wilmington, Del. on June 1, 2020. Photo: JIM WATSON/AFP via Getty Images

Vice President Joe Biden is calling George Floyd’s dying words “a wake-up call for our nation,” and criticized President Trump’s decision to unleash tear gas on peaceful protesters outside the White House, in a civil rights speech from Philadelphia on Tuesday.

Why it matters: Biden in the address drew a sharp contrast between himself and Trump, whose first remarks addressing nationwide unrest Monday highlighted law and order, extreme demonstrations of militarized “strength” and other blustery threats.

Updated 37 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11 a.m. ET: 6,302,318 — Total deaths: 376,322 — Total recoveries — 2,716,924Map.
  2. U.S.: Total confirmed cases as of 11 a.m. ET: 1,812,125 — Total deaths: 105,192 — Total recoveries: 458,231 — Total tested: 17,340,682Map.
  3. Public health: Protests against police brutality threaten coronavirus response.
  4. Business: Coronavirus could lower GDP by $15.7 trillion — More than 1 in 6 black workers lost jobs between February and April.
  5. Climate: The alarm over climate financial risk gets louder because of coronavirus.
  6. Media: Interest in the George Floyd protests has soared past the coronavirus.

The business of tear gas

Illustration: Eniola Odetunde/Axios

U.S. forces yesterday used tear gas on peaceful protesters outside the White House gates, prior to a declared curfew, clearing a path for President Trump to visit a riot-damaged church for a photo opportunity.

The state of play: Two of the largest U.S. producers of tear gas are owned by private equity firms, but those firms have no interest in discussing their ownership.