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Qualcomm says a split into two firms will not help profit

Qualcomm argued that its research into chip designs is aided by making chips, since the chip business enables it to gain rapid adoption of its designs and helps it participate in setting industry standards.

New York

QUALCOMM has a message for its shareholders: Breaking up is hard to do. And in the opinion of the company's top management, it is less profitable than staying together.

On Tuesday, the chipmaker, which was an early leader in advanced semiconductors for smartphones,