$QCOM Named a Key AV Beneficiary by BofA — And Faces Ongoing Legal Fallout
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Court: S.D. California
Case: 3:17-cv-00121
Bank of America Highlights Qualcomm in $1.2 Trillion AV Outlook- Qualcomm
QCOM is among a shortlist of tech companies Bank of America believes will benefit from the expansion of the autonomous vehicle market. - The bank projects this sector could reach $1.2 trillion by 2040. Alongside Nvidia and Caterpillar, Qualcomm stands out for its role in supplying the processors that power AV systems used by Tesla, Waymo, and Zoox.
- The report also notes opportunities beyond passenger vehicles, including logistics, freight, and agricultural automation.
- At the same time, Qualcomm agreed to a $75 million investor settlement related to anticompetitive licensing practices and poor financial controls.
- The case stems from a 2017 FTC complaint accusing the company of overcharging for licenses and retaliating against clients who didn’t accept its terms—actions that led to a sharp drop in QCOM’s share price and investor lawsuits.
You can check more information about it HERE and file for a payout.