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New investments show huge scale of technology giants' ambitions

Many of these deals are in now-obscure businesses that may turn out to be important in new industrial landscape

Qualcomm, which makes semiconductors for smartphones, invested with Richard Branson's Virgin Group on a constellation of satellites.

New York

IN the last two weeks, investments from some of the biggest technology companies have raised an important question: have they gone crazy?

The short answer is: probably not. The reasons show just how big their ambitions have become.

First, Qualcomm, which makes