Qualcomm and Arm, leading chipmakers, have seen an increase in sales due to strong smartphone demand. This growth is attributed to the rising popularity of smartphones worldwide, making these companies’ products highly sought after. As a result, their sales figures have risen significantly, providing a boost to their earnings.
Source: https://www.ft.com/content/dba7a1dd-622b-4935-951a-ed0d703c7022