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Qualcomm forecast fourth-quarter revenue below Wall Street targets bracing for a difficult economy and a slowdown in smartphone demand that could hurt its mainstay handset chip business. They cut their smartphone shipment forecast for this year and issued a revised sales forecast reflecting a diminished consumer appetite for smartphones as soaring inflation and economic uncertainty cause people to curtail discretionary spending.

Read more: Biden’s Recession Affecting Demand for Mobile Handsets

Comptek will be part of the Link5G initiative, a revolutionary multi-tenant, multi-service siting solution designed to bridge the digital divide and accelerate the pace of 5G deployments in New York City. In collaboration with ZenFi Networks, the CityBridge Consortium, and Antenna Design, Comptek serves as the designer and manufacturer of the Link5G poles utilized in this project, providing solutions for wireless networks to close the digital divide across New York City.

Read more: New York City’s Link5G Smart Poles

Ericsson has completed its acquisition of Vonage Holdings Corp.  supporting Ericsson’s strategy to leverage technology leadership to grow its mobile network business and expand into enterprise. The acquisition provides Ericsson with access to powerful building blocks to offer a full suite of communications solutions including, Communications Platform as a Service (CPaaS), UCaaS and CCaaS.

Read more: Ericsson Completes Acquisition of Vonage

SES now delivers almost 8,400 TV channels, according to its annual Satellite Monitor market research, the industry’s premier accounting of satellite’s TV reach, which underscores SES’s position as the leader in enabling content delivery via satellite directly and indirectly. This includes 3,130 in HD or UHD – to a total of 366 million TV homes worldwide, an increase of five million homes over the previous year. SES continues to outperform the industry with the highest number of TV homes reached and record-breaking number of channels delivered.

Read more: SES increases reach to 366 million TV homes worldwide

Qualcomm launched the Snapdragon Metaverse Fund, established to invest up to $100 million in developers and companies building unique, immersive XR experiences, as well as associated core augmented reality (AR) and related artificial intelligence (AI) technologies. These AR and AI technologies are in today’s world referred to as “the Metaverse”. The fund plans to deploy capital through a combination of venture investments in leading XR companies by Qualcomm Ventures and a grant program by Qualcomm Technologies, Inc. for developer ecosystem funding in XR experiences such as gaming, health and wellness, media, entertainment, education, and enterprise.

Read more: Qualcomm Places $100M into the Metaverse

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