Chipmaker Qualcomm's quarterly profit plunges 46 percent

(Reuters) - Mobile chip maker Qualcomm Inc's quarterly profit plunged 46 percent as it lost a key customer and its highly profitable licensing business suffered due to a Chinese government probe into its anti-competitive practices. Net income attributable to Qualcomm fell to $1.05 billion (0.70 billion pounds), or 63 cents per share in the second quarter ended March 29 from $1.96 billion, or $1.14 per share, a year earlier. Qualcomm, which is facing problems collecting royalties in China, s