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Qualcomm and Arm hit as memory shortages dent smartphone chip demand
Qualcomm and Arm were impacted as memory shortages and weak demand hurt smartphone chip sales outlook.
Qualcomm and Arm faced pressure as smartphone chip sales disappointed, with global memory shortages disrupting handset production. Weak consumer demand and inventory corrections across the smartphone supply chain further weighed on orders. Analysts said constrained availability of key components has delayed launches and limited volumes, raising concerns over near term revenue growth for chip designers despite longer term optimism around AI driven devices.