The Trump administration’s hopes of finding a national technology champion for the coming wave of 5G wireless communications may be bearing fruit.
Qualcomm’s legal settlement with Apple this week has removed a question hanging over the leading supplier of modem technology for smartphones, prompting a further 10 per cent bounce in its share price yesterday morning.
News that the iPhone maker had dropped its legal actions came in the same week that Huawei, the Chinese telecoms company thought to be leading the race to superfast connectivity, revealed it had no commercial contracts for 5G equipment in mainland China.
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