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Chapter 340 The Forced Qualcomm

Qualcomm headquarters.

shareholders meeting.

"Dear shareholders, now our Qualcomm stock has plummeted for 2 months! And our chip share in the Chinese market has lost 90% from the previous quarter! At present, only a few Chinese mobile phone companies purchase our chips. This The batch of chips was still an order they signed in the first half of last year. Once we lose this batch of orders, we will lose 99% of China's semiconductor market! This is not the most serious thing. The most serious thing is to wait until the end of this year. It is estimated that our company will not be able to We are now collecting patent fees from the Huaxia market! Because from the end of this year, the entire Huaxia mobile phone communication market will use the neutrino communication technology of Yinhe Technology! And our 5G technology will be abandoned." President Duke said with a hint of tone Lonely way.

In fact, the company's stock has plummeted in the past few months, which does not seem to have a very big impact on him.The biggest impact is the loss of most of the market share and the inability to collect patent fees in the future.

In fact, most of Qualcomm's profits are based on the collection of patent fees!
Selling chips is equivalent to bundling and selling patent licenses, which can charge huge patent fees.

"The market has lost more than 90%?" A shareholder frowned, obviously the crisis is very big.

"Neutrino communication technology is the last straw that crushes us!" Another shareholder shook his head helplessly.

"Everyone, it is clear that Qualcomm has entered the biggest crisis in history! Half a year ago, our company has made two important decisions. First, invest a lot of money in the research and development of neutrino communication technology. Second, develop a more Advanced chips and semiconductors need to be developed even if they are equipped with a neutrino communication baseband. This is our only strategy in the transition period." Chairman Egbert said solemnly.

"But we have lost 75 billion US dollars this quarter! Our company's finances have begun to enter a tight stage..." Duke said with a bitter face.

Last year, Qualcomm's actual revenue was US$280 billion, 57% of which came from the Chinese market!Most of them sell chip semiconductors and charge patent fees.

But now the Huaxia market has lost more than 90%, and by the end of the year, there will be no patent fees.Because other Chinese companies don't use your 5G communication technology anymore.As for 3G4G technology is no longer the mainstream, there are not many patent fees that can be obtained.

That is to say, at the end of this year and the beginning of next year, Qualcomm's turnover is estimated to drop to a terrible level!

Besides, the other 43% of the market comes from other market regions around the world, but now the neutrino communication technology of Yinhe Technology has gone global, and more than 20 countries and regions will use neutrino by the end of this year or early next year. subcommunication technology.In the future, their 43% of the market will continue to be squeezed to shrink their share.

This is definitely a hopeless thing to do!

"Duke, can you estimate how much our turnover will be this year?" Chairman Egbert asked.

"Mr. Chairman, we don't expect to have a turnover of US$100 billion this year."

"How much specific."

"It is estimated that there will be a turnover of 90 billion U.S. dollars!" Duke said sadly.

"Only $90 billion? Last year we were $280 billion... Alas, it seems that this Galaxy Technology company has driven us to a dead end." Egbert sighed.

"In this situation, we can only shrink the layout, hoping to survive this cold winter!"

"We are now in a state of loss, and we need to invest a lot of money in the study of neutrino communication technology. I am afraid that we will not be able to develop the second-generation neutrino communication technology or the third-generation neutrino communication technology. when……"

"If you can't support it, you must support it! Now I am announcing an important decision, the company's benefits and bonuses will be halved. Also, I hope to lay off a group of employees next month!" Egbert said with red eyes.

"Layoffs?" After hearing this, all the shareholders frowned and thought for a while, but then they raised their hands and voted for approval.

"Layoffs? This..." President Duke's face changed when he heard this.

This is bad news!
Once there are layoffs, it is estimated that it will cause turmoil in the company, and it is estimated that the outside world will have a different view of Qualcomm.

It is estimated that the company's stock will continue to plummet, but the company has nothing to do with this situation.Only by laying off staff and reducing the company's expenses can we continue to cultivate our health and well-being...

"Okay, I'll leave the layoffs to you." Egbert said to Duke.

"Chairman, how many people do you plan to lay off this time?"

"Lay off 3000 employees! Also, cut investment funds in investment fields such as medical care, automobiles, Internet of Things, smart homes, smart cities, etc. If you can, close these new investment projects directly! We don't have so much money to do these now..."

"Okay, Mr. Chairman."

Three days later, Qualcomm announced a news that shocked the United States.

That is, Qualcomm is going to lay off workers!
This time we will lay off 3000 people!
Qualcomm's official website announcement: Due to the company's development encountered financial difficulties, it had to lay off employees.Next month, it plans to cut about 600 employees in the data center chip department, and will cut 500 positions in the Qualcomm Design Center in Raleigh, North Carolina, and another 200 positions in California...

As soon as the news came out, it caused quite a stir.

Because last year, Qualcomm also planned to invest heavily in the computer server market. The size of the entire server chip market was about 140 billion US dollars, and Intel accounted for 99% of the share.Because Intel has an absolute advantage, most software in the industry is written for Intel chips.Qualcomm also wanted to enter this field last year.Now, because of this situation, she is forced to have a dystocia.Directly cut off the research and investment in this field!
Most of the employees were fired!
"Fuck, Qualcomm is going to lay off 3000 people? Awesome!"

"Is this a normal operation after the stock has plummeted?"

"Mao, this is the rhythm of the Yinhe Technology company. Most of the Chinese market is lost, and in the future it will be the patent fees of most of the global market... This is the rhythm of the cold."

"Haha, is the world cancer finally going to GG?"

"Hey, Qualcomm won't be so easy to cool down. The US emperor must support it. Besides, there are three nails in a bad ship. It is estimated that it will be about three years before it really cools down."

"Pfft~~ Hahaha, it's still cool to say so!"

"I feel that we have given a bad breath to many mobile phone communication industries in China."

"+1!"

As soon as this news came out, the most uncomfortable thing was those Qualcomm employees. No one in their hearts knew who would be laid off!
(End of this chapter)