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Qualcomm forecasts 450 mln in global 5G phone sales in 2021

Qualcomm Inc expects global smartphone makers to ship 450 million 5G handsets in 2021 and another 750 million in 2022, the world’s largest supplier of mobile phone chips said on Tuesday. Going by Qualcomm’s own previous forecast of 200 million 5G devices for next year, the 2021 forecast suggests 125% growth from 2020. Qualcomm said 5G adoption will be faster than 4G due to the timing of commercialization of the technology in China and availability of chipsets across different price tiers. …read more […]

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Hedge Fund Guru Dmitry Balyasny Bets Big on These 3 Semiconductor Stocks

Since founding his eponymous hedge fund in 2001, Dmitry Balyasny has earned a reputation as a risk taker. He chair’s Balyasny Asset Management’s (BAM) investment committee, and oversees the delivery of consistent, alpha-driven returns. In its Q3 13F filing, BAM reported over $14.5 billion in managed securities – and had made some interesting moves in the semiconductor industry. Interesting because Balyasny has built his strategy on outperforming the broader market indexes, but the chip stocks have underperformed of late. The question raised is, does BAM see something the rest of us do not?We used TipRanks databases to get an idea. …read more […]

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UPDATE 2-Thousands of CN Rail workers hold first strike in a decade

MONTREAL/WINNIPEG, Nov 19 (Reuters) – Thousands of unionized Canadian National Railway workers on Tuesday held their first strike in a decade, which is set to disrupt grain and oil transportation and put pressure on Prime Minister Justin Trudeau’s Liberal government. About 3,000 workers, including conductors and yardmen from CN Rail, the country’s largest railroad operator, hit picket lines, after both parties failed to resolve contract issues at a time of softening demand for freight service. “We’ve made no progress with the company,” Teamsters Canada spokesman Christopher Monette said. …read more […]