Intel Corp (INTC)

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I think at their last CC QualcomM guided next year down a lot more than Intel. We will see how they do.

Guided down relative to some pretty aggressive sell-side expectations. Still calling for high single digits Y/Y growth.

Reports are the weakness at TSMC will last through most of Q2 2014.

Remember Qualcomm isn't just a chip vendor. It is the ultimate IP/patent company. For every smartphone/cellular device you buy with 3G/4G technologies, Qualcomm gets about 3-5% of the device's sale price. This is a very powerful business model.

It is that patent business that fuels the aggressive chip investments over at Qualcomm.