SAN FRANCISCO: Qualcomm Inc's outlook for the September quarter was below Wall Street's expectations and its shares fell on Wednesday after the leading mobile chipmaker said it was having trouble collecting royalties in China.
A new high-speed 4G network in China is driving fresh demand for smartphones with leading-edge technology, but Qualcomm has also faced legal and regulatory problems there, including an ongoing investigation by the country's antitrust regulator.
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