Qualcomm says it will cut jobs, update its board and review its business structure options as part of an effort to improve its performance.
The EU launched an anti-competition probe Thursday into US computer chip giant Qualcomm, the latest of a series of investigations into top American companies.
Activist investor firm Jana Partners says Qualcomm should speed up a stock repurchase, look for ways to cut costs, and consider splitting itself up.
Qualcomm on Monday rejected a call from an activist investment firm to break up the US tech giant into groups focused on chip manufacturing and licensing of its technology.
A Chinese semiconductor company will seek a $100 billion penalty against Qualcomm for trademark infringement, it said Tuesday—almost as much as the US mobile chip titan's entire market capitalisation.
China fined chipmaker Qualcomm 6 billion yuan ($975 million) in the biggest of a wave of anti-monopoly penalties that have rattled foreign companies.
Chinese Premier Li Keqiang Thursday demanded a greater role for Beijing in shaping the global Internet, calling for "order" online as he failed to address his government's censorship of content it deems politically sensitive.