U.S. Semiconductor Chip Makers See $36 Billion Industry Impact From U.S.-China 5G Compe-tition, Coronavirus Fears
The U.S. semiconductor chip industry sees itself caught in the middle between the U.S.-China 5G competition which may cost it as much as $36 billion, according to a new industry-commissioned Boston Consulting Group Report. Coronavirus fears are also adding to the semiconductor chip industry’s woes — with some downgrading future revenue outlooks.
Media companies such as Stock Market Press are reporting on the fast growing 5G telecommunications market. They cover trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO), ON Semiconductor (NASDAQ: ON) and Skyworks Solutions (NASDAQ: SWKS), among others. It also keeps readers up to date on 5G company stocks such as iQSTEL Inc. (OTC: IQST), Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS), Sprint (NYSE: S) and Ericsson (NASDAQ: ERIC) in 5G.
U.S. Semiconductor Chip Makers See $36 Billion Industry Impact From U.S.-China 5G Competition, Coronavirus Fears
U.S. chip semiconductor makers are worried that caps imposed by the U.S. Commerce Department on sales to Chinese companies would hurt them to the effect of $36 billion, according to the chip industry’s commissioned report by the Boston Consulting Group. The U.S. is concerned that Chinese companies — such as Huawei Technologies Co. — could use high technology such as 5G infrastructure installations to compromise data from the U.S. and its allies. U.S. semiconductor chip makers see $36 billion industry impact from U.S.-China 5G competition, coronavirus fears.
Countries such as Australia, U.K., Canada and Germany are targeted for 5G infrastructure by Chinese firm Huawei. Huawei is now sponsoring and organizing a series of town halls in Australia to talk about cyber security, the company and its 5G advantages. The Trump administration also wants more U.S. semiconductor chip makers to manufacture more in the U.S. U.S. semiconductor chip makers see $36 billion industry impact from U.S.-China 5G competition, coronavirus fears.
At the same time, chip makers such as ON Semiconductor Corp. (NASDAQ: ON) are downgrading their future revenues due to coronavirus fears, it said. Q1 revenue outlook is down to $1.28 billion-$1.33 billion from the prior $1.36 billion-$1.41 billion. U.S. semiconductor chip makers see $36 billion industry impact from U.S.-China 5G competition, coronavirus fears.
iQSTEL, Inc. (OTC: IQST) Continues Its Aggressive 5G Acquisition Program
With 5G telecommunications in the international news daily, the outlook for 5G innovations and quicker speed for SmartPhones and Internet of Things (IoT) is making the industry even more high profile and lucrative for telecommunications companies such as iQSTEL, Inc. (OTC: IQST). Allied Marketing Research estimates that the 5G market will be greater than $5.5 billion in 2020 with a CAGR growth rate of 122% from 2021-2026.
iQSTEL, Inc. (OTC: IQST). offers a wide array of services to the telecommunications industry such as Internet of Things (IoT) technology solutions and Submarine Fiber Optic Network capacity for 5G. Leandro Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), said that the company has identified several acquisition targets and has started due diligence.
iQSTEL, Inc. (OTC: IQST) Signs $25 Million Investment Banking Agreement
The largest proposed 5G related M&A activity to date is the proposed $26 billion merger of mega providers T-Mobile US (NASDAQ: TMUS) and Sprint (NYSE: S), which recently was approved by a U.S. judge. Last week, to continue its spree of acquiring 5G subsidiaries, iQSTEL, Inc. (OTC: IQST) signed a $25 million investment banking agreement designed to give it a financial war chest to acquire more 5G infrastructure and investments. iQSTEL, Inc. (OTC: IQST) signed the agreement with a New York-based investment banking firm to assist it in sourcing capital as it continues to grow in 5G telecommunications.
The $25 million agreement will enable iQSTEL, Inc. (OTC: IQST) to continue its aggressive expansion program by acquisition and investment in 5G infrastructure and solution firms. It is already a leader in offering to the telecommunications industry Submarine Fiber Optic Network capacity, Satellite Communications services, Internet of Things (IoT) technology, Blockchain solutions, Mobile Virtual Network Operator (MVNO) services, and more.
iQSTEL, Inc. (OTC: IQST) Eyes Controlling Interest In A Future 5G Central American Company
iQSTEL, Inc. (OTC: IQST) yesterday (March 10, 2020) used that $25 million commitment in its competitive bid to secure controlling interest in a central American aerial fiber optics company. Yesterday, it announced it has received an invitation to submit a Request For Information (RFI) from a central American fiber-optic network firm which could lead to a controlling interest in that future 5G company. The company has an attractive aerial fiber optic network utilizing 4,500 high voltage electrical towers to wire 2,300 miles. It is estimated that this company could be potentially valued at $100+ million as it transitions from 4G to 5G within the next six-nine months. It would interconnect Central America, Mexico and the U.S. within a thee year period. .
iQSTEL Inc. (OTC: IQST) has wholly-owned, Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It also owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide. Last week it added another high tech subsidiary when it completed its acquisition of a 75% stake of itsBchain LLC, a blockchain technology developer. Mr. Iglesias, CEO of iQSTEL Inc. (OTC: IQST), has been invited for an interview March 25 at NASDAQ Marketsite in Times Square, New York, to discuss the company’s performance and its future plans.
Source: Stock Market Press
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