Qualcomm, one of the world’s leading suppliers of smartphone and wireless chips, warned investors that its second-quarter revenue and profits would fall short of market expectations, directly blaming an ongoing global memory chip shortage for the weaker outlook. While the company reported stronger-than-expected results for its first fiscal quarter — with revenue growing and earnings per share beating forecasts — its guidance for the upcoming quarter disappointed analysts. Qualcomm projected revenue between $10.2 billion and $11.0 billion and adjusted earnings of $2.45 to $2.65 per share, both below full-year Wall Street estimates. Memory Shortage Hits Smartphone Supply Chains The shortfall comes amid a structural memory chip shortage that has increasingly affected the global tech supply chain. Memory chips — essential components in smartphones, PCs and many consumer electronics products — have seen shortages driven by supply reallocations to high-margin AI and data-centre markets and broader production constraints. Qualcomm’s CEO acknowledged that the company’s smartphone customers — particularly original equipment manufacturers (OEMs) in China — have been reducing inventory and slowing orders because they cannot secure enough memory chips to build finished devices. This has directly impacted demand for Qualcomm’s mobile processors. Industry analysts also warn that tight memory supply and… Read MoreBusiness Archives – Trak.in – Indian Business of Tech, Mobile & Startups
