Qualcomm shares plummeted nearly 13% on Monday as it suffered an Apple lawsuit and lowered its rating.
Tencent technology through the US stock market system to see, on Monday, Qualcomm shares plummeted 12.72 percent, down 8 US dollars, the closing price of 54.88 US dollars. Qualcomm's latest market capitalization is $ 81.1 billion.
According to the US financial news website CNBC reported that this is the high-pass share price since the end of 2015 the largest single-day decline.
Qualcomm's rating on Qualcomm is downgraded from neutral to neutral after Nomura Securities reported on Monday that Qualcomm's lawsuit against Qualcomm and its related royalties will affect Qualcomm's acquisition of NXP Semiconductors.
On Friday, Apple launched a lawsuit against Qualcomm, that Qualcomm for Apple to charge an unreasonable royalties, Apple claims billions of dollars. For a long time, Apple from Qualcomm to purchase smart phones and tablet PCs using baseband processor products, in addition to access to Qualcomm's mobile communications patent license.
Apple said the patent fees charged by Qualcomm are much higher than those charged by other vendors.
The US government also launched an antitrust lawsuit against Qualcomm, that Qualcomm, including Apple, including mobile phone manufacturers, the procurement of its baseband processor chip. If mobile phone manufacturers do not use rival baseband chips, Qualcomm will be in the royalties to give concessions, which affects the interests of Intel and other competitors. The US Federal Trade Commission said that Qualcomm in the royalties on Apple to provide a concession.
Qualcomm mastered a large number of patents in the field of mobile communications, China and other countries in the past government has conducted antitrust investigations of Qualcomm, Qualcomm was forced to lower the final patent fee collection standards. In addition, Qualcomm has also and Meizu and other mobile phone manufacturers patent litigation.
Qualcomm has two major business segments, one is the application processor, baseband processor R & D sales, the other is a patent license. Some Wall Street analysts believe that Qualcomm should split the two businesses into two separate companies to reflect their respective business development prospects.
In the chip field, Apple, Huawei, Samsung and other mobile phone manufacturers have developed their own application processors, analysts believe that this will affect the future of Qualcomm processor market space.
In October, Qualcomm announced it would spend $ 47 billion on the acquisition of NXP Semiconductors, the world's largest automotive chip maker, in a move that would give Qualcomm a place in the automotive chip space.