Earnings Results: Qualcomm earnings more than double, stock heads higher

Qualcomm Inc. earnings more than doubled in the second quarter, and executives said the chip company was significantly improving its access to foundries during a global semiconductor shortage in which capacity constraints have hampered the sector.

Qualcomm Inc. earnings more than doubled in the second quarter, and executives said the chip company was significantly improving its access to foundries during a global semiconductor shortage in which capacity constraints have hampered the sector.