Qualcomm price target raised to $75 from $70 at Nomura Nomura believes the market is underestimating Qualcomm's licensing growth driven emerging markets 3g subscriber penetration. The firm believes affordable smartphones globally and new features will be positive for replacement rates. Shares are Buy rated.
TSMC to provide chips for LG's 'Nuclun' smartphone microprocessor, WSJ says According to a source, Taiwan Semiconductor (TSM) will provide chips for microprocessors to power "Nuclun," a variation of LG's G3 smartphone, the Wall Street Journal reports. So far, LG Electronics has mostly relied on Qualcomm (QCOM) for the chips that run its smartphones. Reference Link