Integrated Device Technology shares tumble on worry of loss to rival
(Reuters) - Shares of Integrated Device Technology fell 9 percent on Tuesday on worries that cellphone chip developer Qualcomm Inc had chosen On Semiconductor technology instead of an Integrated Device design for wireless charging technology. Several analysts said the sell-off was driven by a research note from Dougherty & Co that suggested Integrated Device Technology had lost out on Qualcomm business to On Semiconductor. The research note, which cited unnamed industry participants as its s
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