Qualcomm Unveils New $10 Billion Stock Repurchase Program
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Qualcomm Inc. unveiled a new plan to buy back $10 billion in stock, replacing an earlier repurchase program that was almost exhausted.
The San Diego-based company, the world’s largest maker of mobile-phone chips, said the plan authorized by the board has no expiration date. The previous buyback was a $15 billion program that had $1.2 billion remaining, Qualcomm said Wednesday in a statement.