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Qualcomm CEO Says NSA Fallout Impacting China Business

Published on November 23, 2013
by Spencer E. Ante

Mobile device chipmaker Qualcomm Inc. expects to continue growing in China, but Chief Executive Paul Jacobs acknowledged U.S. restrictions on Chinese companies and revelations about surveillance by the National Security Agency are impacting its business in the fast-growing country.

“We are definitely seeing increased pressure,” said Mr. Jacobs in an interview with The Wall Street Journal. “All U.S. tech companies are seeing pressure.”

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