Qualcomm Gains 3.5% Post-Breakout, Pursues Samsung 2nm Chip Contract
Shares of Qualcomm rose 3.5% on Jan. 6 after breaking toward a key technical resistance level. At CES 2026, management showcased an expanded competitive PC chipset portfolio and entered talks with Samsung on contract manufacturing of two-nanometre chips.
1. Qualcomm’s Stock Rebounds Toward Key Resistance
Shares of Qualcomm Inc. climbed approximately 3.5% on January 6, signaling a renewed challenge of the $183 technical resistance area that has capped upside since early December. Trading volume on the day surged above the 50-day average, reflecting heightened investor interest as the stock tested this multi-week ceiling. Technical analysts note that a sustained break above this threshold could trigger additional inflows from momentum funds and chart-based strategies, potentially opening a path toward the prior high near $190.
2. CES Showcase Highlights Qualcomm’s Expanding PC Chip Portfolio
At CES 2026, Qualcomm’s executive team hosted a booth tour for institutional clients organized by JPMorgan analyst Samik Chatterjee, demonstrating a new lineup of Snapdragon X processors covering mainstream to premium laptops. The company revealed partnerships with five major PC OEMs, including Dell and HP, underscoring its chips’ adoption across devices priced from $500 to over $1,500. Qualcomm executives emphasized that over 80% of laptop models announced at the show incorporated their silicon, marking a 20-point increase in market penetration versus last year.
3. Negotiations Underway With Samsung for 2-Nanometre Chip Manufacturing
According to the Korea Economic Daily, Qualcomm CEO Cristiano Amon confirmed ongoing discussions with Samsung Electronics to contract-manufacture two-nanometre chipsets slated for release in late 2027. These advanced nodes are critical for Qualcomm’s roadmap in 5G, AI acceleration and low-power computing segments. Securing Samsung’s fabrication capacity could allow Qualcomm to increase output by 30% in its most advanced wafer lines, while diversifying production risk away from its existing foundry partners.