From CNET: Qualcomm, the world's biggest maker of chips for mobile devices, is under a lot of pressure from its competitors these days.
It's seen its Snapdragon processor replaced by a Samsung-made chip in Samsung's flagship Galaxy S6 phones -- a switch that's costing Qualcomm hundreds of millions of dollars in sales. At the same time, it's had to fend off increased competition from Intel and from makers of lower-end chips in Asia. The challenges have helped push Qualcomm's stock down about 8 percent since the start of the year and depressed its financial results.
Despite the difficulties, Executive Chairman Paul Jacobs said in an interview with a handful of reporters Tuesday that his company has a clear path forward out of the woods, and he welcomed the heightened competition to ensure that Qualcomm keeps fighting to maintain its lead.
"Competition is good," Jacobs said soon after the company's partner, LG, held an event here to unveil its new flagship G4 phone. "It's the silver lining of what's been going on with the Samsung situation. I think it's a good wake-up call."
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