They might close SD facility
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A/R = Accounts Receivable
I think A/R stands for Augmented Reality
R&D jobs aren't the only things they are outsourcing to India. Some months ago, they laid off 25 A/R persons globally, some of them in San Diego - I know one personally here in San Diego. QC has hired a company in India to do their A/R for them. My friend in San Diego has had his layoff extended twice now. Sad thing is - they even laid off the QC A/R folks in India - and they have to train the India workers from the new company. How crappy is that?
There were plenty of competitions from US and Europe, until QC wiped out all but two, Intel and Marvell. Now we are left with Mediatek and rest of Chinese companies who are fine with making a dime on a dollar. If QC gives in, there goes the neighborhood. All mobile chip development will be gone from US forever.
It's hard to innovate when you are not on the ground - you need to be where your market is to be connected and invent. For some industries, India makes sense, for mobile, not sure... I am sure they can figure out things over there but you really need to be close to the action to be an effective innovator, at this point I am not sure that the action is in India, China or Europe. Probably folks in the Bay Area or somewhere in Korea would have the best shot...
- the split is certain, JANA Partners Investors is requesting it and they keep growing their interest in the company. They will get what they want, they always do, look at their history, look what they did to McGraw Hill and many other multi Billion dollar companies
now they are talking about splitting the company too....and that will be the end of Qualcomm.... because if they start licencing stuff like ARM .. ...the chip division will dead as they have nothing to make them stand out....
MSFT. GOOG, AAPL will fire Americans to hire laid off talented people from QC.
They will save money on toilets
name a company which is actually innovating after moving r&d to india.
Anonymous119343 - you are both unfunny and stupid
Excellent news!!!. That is what US gets for discriminating Indians in the immigration process.
May be QC can hire illegals and people with green card lottery from Uzbekistan for R&D job.