US Stocks: Qualcomm unveils $20 billion stock buyback program; shares jump 3%

Smartphone ​chip designer Qualcomm on Tuesday unveiled a $20 ​billion stock buyback program as it looks to take advantage of a steep drop in its share price, ‌which ⁠has been ⁠hit by a global memory supply crunch ​that is expected to slow handset manufacturing.

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