Q2 results show Qualcomm making progress in China

San Francisco

QUALCOMM Inc's second-quarter results show the chipmaker is overcoming hurdles in China, while rival Intel Corp faces fresh headwinds in servers - the key to its profit.

San Diego-based Qualcomm, the biggest maker of semiconductors that run smartphones, reported earnings and gave forecasts that beat analysts' estimates as it gets paid more licensing fees in China and gains market share there. Intel posted growth in its data centre business that fell well short of its own targets, creating concern momentum in that profitable unit is slowing.