Worried about orders turning to competitors, Qualcomm asked to lift restrictions on the sale of parts to China

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 Worried about orders turning to competitors, Qualcomm asked to lift restrictions on the sale of parts to China


Qualcomm said the ban would benefit semiconductor companies MediaTek and Samsung Electronics. The company said the ban would not prevent Huawei from acquiring the necessary parts, but would only bring billions of dollars in sales to chipmakers such as MediaTek and Samsung. In theory, lifting the ban on chips will help us companies stay competitive.

In the latest financial report, MediaTek forecasts that the companys revenue will grow by as much as 30% month on month in the third quarter of 2020, far exceeding market expectations, as it expects the shipment volume of all its product lines (especially Tianji series 5gsoc) to grow fat.

In addition, according to industry sources, the company also expects its full year revenue to grow by at least 15% this year, double the original forecast.

If Qualcomm is restricted and its foreign competitors are not, the market share of 5g chipsets could change rapidly, according to Qualcomm.

Due to the U.S. ban, Qualcomm is also unable to cooperate with Huawei on 5g chips. However, at the end of July this year, in the third quarter of fiscal year 2020, Qualcomm said it had reached a settlement with Huawei over a patent dispute. As part of the deal, the company signed a new, long-term patent license agreement with Huawei and will receive about $1.8 billion in revenue from Huawei in the fourth quarter.

According to foreign media reports, prior to the settlement, Qualcomm applied for the license to sell 5g chipsets to China in June this year.

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