secwatch.observer — SEC 8-K summary
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Issuer:     QUALCOMM INC/DE (QCOM)
CIK:        0000804328
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000804328-24-000042
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/804328/000080432824000042/0000804328-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/804328/000080432824000042/qcom-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000804328-24-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer