Skip to content
Back to all stories
TNW | Business

Alphabet discloses $548M stake in chipmaker Qualcomm

Alphabet held nearly 3 million Qualcomm shares worth $548M at the end of September, a filing shows, and slightly raised its SpaceX stake.

By TNW | Business

Excerpt shared by Lazyfounder

·Excerpt
Alphabet discloses $548M stake in chipmaker Qualcomm
Image: Credit: Thrive Studios ID / Shutterstock

Alphabet, Google’s parent company, owned nearly 3 million shares in chipmaker Qualcomm at the end of September, a stake worth $547.9m, Reuters reported on Friday.

The figures come from a regulatory filing that lists Alphabet’s holdings in other companies.

Qualcomm’s shares rose more than 3% in trading before the US market opened, following the news. The filing…

Continue reading on TNW | Business ↗

Courtesy

This story was originally published by TNW | Business. All rights belong to the original publisher.

Read the original on thenextweb.com ↗
Lazy Founder - Powered by Blogy.in

Contact us

Have a story tip, correction or partnership idea?

Write to us at tarun.kumar@blogy.in or talk to the founder directly. We read every message.

Contact us