PTC Rallies on Deal; Qualcomm Up on Chip Patent Licensing | Stock Movers
On this episode of Stock Movers: - PTC (PTC) shares are rallying as Schneider Electric agreed to buy PTC for about $22.6 billion in an all-cash deal to tap into the artificial-intelligence boom. - Qualcomm (QCOM) shares are higher as the company agreed to license patents underpinning Huawei Technologies Co.’s novel LogicFolding chipmaking technique. - Taiwan Semiconductor (TSM) shares are gaining…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
