US revokes Qualcomm's license to export 4G/Wi-Fi chips to Huawei; revenue cut-off accelerated to May 7, 2024

QUALCOMM INC/DE

US Commerce Dept revoked Qualcomm's export license for 4G, Wi-Fi, and other IC products to Huawei Device and affiliates, effective immediately.
Qualcomm previously expected no Huawei product revenues past calendar 2024; revocation moves that date to May 7, 2024.
Qualcomm is not changing its Q3 FY2024 financial guidance (provided May 1) despite the license revocation.
Revocation covers Huawei Device Co., Ltd. and its subsidiaries and affiliates.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.