Qualcomm Inc. posted record quarterly sales amid surging demand for 5G smartphones in the face of supply-chain constraints.

The mobile-phone chip giant, whose processors are in many new 5G handsets, said sales rose 12% to $9.3 billion in its fiscal fourth quarter, generating a $2.8 billion profit, exceeding Wall Street expectations.

Source: https://www.wsj.com/articles/qualcomm-posts-record-sales-amid-surging-demand-for-5g-smartphones-11635972553