Benzinga | Sep 15, 2021 03:38PM EDT

Qualcomm, GlobalFoundries Extend 5G RF Partnership

* Qualcomm Inc (NASDAQ:QCOM) subsidiary Qualcomm Global Trading PTE Ltd and GlobalFoundries (GF) extended their RF collaboration on 5G multi-Gigabit speed RF front-end products.

* The new arrangement aims to deliver high cellular speeds, superior coverage, and outstanding power efficiency in the sleek form factors from the latest 5G-enabled products.

* GF's collaboration with Qualcomm Technologies includes sub-6 GHz to unlock everyday access to 5G and cutting-edge mmWave technology for unmatched data speeds, battery life for smartphones, computers, automobiles, network access points, and other 5G connected products.

* Price Action: QCOM shares traded lower by 2.34% at $137.86 on the last check Wednesday.