GREENSBORO, N.C., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that its QPF5100Q Ultra-Wideband (UWB) System-on-Chip (SoC) is automotive-qualified and sampling with key customers. This breakthrough SoC addresses automotive industry demands for highly accurate, reliable UWB technology in applications such as secure keyless entry and Digital Key, as well as UWB radar applications like child presence detection and motion sensing.
Nokia has announced that it has achieved a significant milestone of 7,000 patent families that are considered essential for 5G technology. These patents cover important technologies that determine how smartphones and other connected devices work with 5G networks.
By mid-morning on Monday, the Dow started to gain strength again as AI stocks rose sharply. Foxconn, a major electronics company, announced its highest-ever revenue for the fourth quarter, and the growth of artificial intelligence is expected to carry on into 2025.
T-Mobile's shares dropped by 4.3% on Monday morning, despite the Nasdaq Composite rising by more than 1.8%. In 2024, T-Mobile had a strong performance, ending the year with a 40% increase, including dividends. Recently, analysts from Wells Fargo and RBC Capital changed their ratings for T-Mobile from buy to hold.
The state of Washington has taken legal action against T-Mobile, claiming that the company did not protect the personal information of millions of its residents before a data breach in August 2021. This breach impacted over 79 million customers throughout the United States.
Goldman Sachs analyst Bruce Lu has kept a Buy rating for Taiwan Semiconductor Manufacturing Co (TSM) and raised the price target from $248 to $254.
T-Mobile US Inc (NASDAQ:TMUS) shares have dropped by 3.7% to $210.91 after receiving two negative reports.
Positive news about A.I. starts the trading week on a high note, following Foxconn's report of one of its best earnings results ever.
Nokia has finished selling its ASN submarine networks division to the French government in order to concentrate on expanding its main business.
Tata Elxsi plans to use Qualcomm's Snapdragon automotive platforms to promote the use of software-defined vehicle technology.
- What is 5G technology?
What is 5G technology?
- What is 5G technology?