The 9.0-magnitude earthquake and resulting tsunami damaged factories and transportation, and power is still out at Japanese producers of some key components and materials used in the electronics industry. Analysts at Barclays Plc and UBS AG had speculated that shutdowns at Mitsubishi Gas Co. would deprive some chipmakers of a chemical resin used to package their products, causing supply disruptions.
“Qualcomm has multiple, geographically diverse sources for supply as well as production processes specifically designed to enable us to mitigate disruptions in our supply chain,” the San Diego-based company said today in a statement. “We do not foresee any significant impact in our ability to supply product to our customers due to the events in Japan.”
Intel fell 37 cents, or 1.9 percent, to $19.81 at 4 p.m. New York time in Nasdaq Stock Market trading. Qualcomm declined $2.50, or 4.7 percent, to $50.50.
Intel microprocessors run more than 80 percent of the world’s personal computers. Qualcomm dominates the market for the radio chips and processors that are the heart of mobile phones.
To contact the reporter on this story: Ian King in San Francisco at email@example.com
To contact the editor responsible for this story: Tom Giles at firstname.lastname@example.org