Qualcomm Announces $20 Billion Share Buyback and Dividend Increase

Qualcomm, the leading manufacturer of smartphone processors, has announced plans to repurchase an additional $20 billion in shares. Bloomberg posted on X, the company is also increasing its quarterly cash dividend. This move reflects Qualcomm's confidence in its financial stability and growth prospects. The decision to buy back shares and raise dividends is part of Qualcomm's strategy to enhance shareholder value and strengthen its market position.