Qualcomm stock price edges up as QCOM steadies on India 2nm tape-out update
Qualcomm clawed back nearly 1% Monday, recouping some ground after last week’s dip, as the company pointed to a 2-nanometre chip design “tape-out” driven out of India. Shares were up 0.9% at $138.64 around midday on the Nasdaq. Executives called the tape-out a key step, with manufacturing to be handled overseas. Tape-out marks the point when a chip’s design gets finalized by engineers and shipped to the foundry for production.
