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Qualcomm plans to cut 1,258 positions in California due to weak demand for its main product. Over 750 employees being laid off are from Qualcomm s engineering ranks.
The San Diego, California-based company said it also expects no further sales to Chinese telecom giant Huawei because it does not have a license to sell 5G chips to Huawei. More broadly in China, a slower-than-expected economic recovery weighed on orders to Qualcomm. Smartphone shipments in the world s second largest economy were down 5% in the June quarter, Canalys data showed.