Qualcomm headquarters.

Shareholders' meetings.

"Ladies and gentlemen, now our Qualcomm stock has plummeted for two consecutive months! And our chip share in the Huaxia market has lost 90% compared with the previous quarter! At present, only one or two Huaxia mobile phone companies purchase our chips. This batch of chips is still an order they signed in the first half of last year. Once we lose this batch of orders, we will lose 99 percent of China's semiconductor market! This is not the most serious, the most serious thing is that we will not be able to collect patent fees from the China market by the end of this year! Because starting from the end of this year, the entire mobile phone communication market in China will use the neutrino communication technology of the Galaxy Technology Company! And our 5G technology will be abandoned. President Duke said with a hint of loneliness in his tone.

In fact, the company's stock has fallen sharply in the past few months, which does not seem to have a very big impact on him. The biggest impact is the loss of most of the market share, and the fact that even the royalties cannot be collected in the future.

In fact, most of Qualcomm's profits rely on collecting patent fees!

Selling chips is equivalent to bundling patent licenses, and huge patent fees can be charged.

"More than 90% of the market has been lost?" said one shareholder, frowning, and it was clear that the crisis was very big.

"Neutrino communication technology is the last straw that crushes us!" another shareholder shook his head helplessly.

"Ladies and gentlemen, it is obvious that Qualcomm has entered the biggest crisis in history! Half a year ago, our company has made two important decisions, first, to invest a large amount of money in the research and development of neutrino communication technology. Second, more advanced chips and semiconductors should be developed, even if the neutrino communication baseband is built. This is the only strategy for our transition period. Chairman Egbert said in a deep voice.

"But we've lost $7.5 billion this quarter! Our corporate finances are starting to get into a tight phase......" Duke said with a bitter face.

Last year, Qualcomm's actual revenue was $28 billion, of which 57 percent came from the Chinese market! Most of them sold chips and semiconductors and collected patent fees.

But now the Chinese market has lost more than 90%, and by the end of the year, there is no royalty to collect. Because people and Chinese companies don't need your 5G communication technology anymore. As for 3G and 4G technology, it is no longer the mainstream, and there are not many patent fees that can be obtained.

That is, at the end of this year, at the beginning of next year, the turnover of their Qualcomm company is estimated to drop to a terrible level!

Besides, the other 43% of the market is from other market regions around the world, but now Galaxy Technology's neutrino communication technology has gone global, and more than 20 countries and regions will use neutrino communication technology at the end of this year or early next year. In the future, their 43% of the market will continue to be squeezed to reduce their share.

It's definitely a desperate thing to do!

"Duke, do you estimate how much we can expect to be in turnover this year?" asked Chairman Egbert.

"Mr. Chairman, we don't expect to have a turnover of $10 billion this year. ”

"How much specifically. ”

"It's estimated that there will be a $9 billion turnover!" Duke said.

"It's only $9 billion, and last year we were $28 billion...... Alas, it seems that this galaxy technology company has driven us to a dead end. Egbert sighed.

"In this situation, we can only shrink the layout, hoping to survive this winter!"

"We're already losing money, and we're going to have to invest a lot of money in the research of neutrino communication technology, so I'm afraid we won't be able to make it until we develop the second generation of neutrino communication technology or the third generation of neutrino communication technology......

Now I am announcing an important decision, the company-wide welfare bonus and everything else will be halved. Also, I'm hoping to lay off a batch of employees next month!" Egbert said with red eyes.

"Layoffs?" all the shareholders frowned and thought about it after hearing this, but then they voted by a show of hands.

"Layoffs, this is ......," Duke, the president, changed his face when he heard this.

That's bad news!

Once there is a layoff, it is estimated that it will cause turmoil in the company, and the outside world is expected to have a different view of Qualcomm.

It is estimated that the company's stock will continue to plummet, but at present, the company is facing such a situation, and there is nothing to do. Only by laying off employees and reducing the company's expenses can we continue to recuperate......

"Okay, you'll take care of the layoffs. Egbert said to Duke.

"Chairman, how many people do you plan to lay off this time?"

"Lay off 3,000 employees! Also, cut investment funds in investment areas such as healthcare, automotive, Internet of Things, smart home, and smart city. If we could, we would just shut down these new investments! We don't have that much money for these ...... right now."

"Yes, Mr. Chairman. ”

Three days later, Qualcomm announced a news that shocked US imperialism.

That is, Qualcomm is going to lay off employees!

This time, 3,000 people will be laid off!

Qualcomm official website notice: Due to the company's financial difficulties, it had to lay off employees. Next month, the company plans to cut about 600 employees in its data center chip division and 500 jobs at the Qualcomm Design Center in Raleigh, North Carolina, and another 200 in California......

As soon as this news came out, it caused quite a stir.

Because last year, Qualcomm also planned to invest heavily in the computer server market, the size of the entire server chip market is about 14 billion US dollars, and Intel accounts for 99% of the share. Because Intel has an absolute advantage, most of the software in the industry is written for Intel chips. Last year, Qualcomm also wanted to enter this field. Now I am forced to have a difficult birth because of this situation. Directly cut off research and investment in this field!

Most of the employees were fired!

"Damn, Qualcomm wants to lay off 3,000 people?

"Is this normal operation after a stock crash?"

"Mao, this is the rhythm that has been made by Galaxy Technology Company. Most of the Chinese market has been lost, and in the future, it will be royalties in most of the global markets...... It's going to be a cool rhythm. ”

"Haha, is the world's cancer finally going to GG?"

"Hey, Qualcomm won't be so easy to get cold, the U.S. imperialist will definitely stand up to it. Besides, there are three nails in the rotten ship. It is estimated that it will be about three years before it is really cool. ”

"Poof~~ Hahaha, it's still cool to say that!"

"I feel that many of our mobile phone communication industries in China have a bad feeling. ”

“+1！”

As soon as this news came out, the most uncomfortable thing was those Qualcomm employees, who didn't know who would be laid off!