Apple, Microsoft, Google, Amazon, Alibaba and Tesla are all known to have custom chip projects. Look for additional firms to announce them in the coming years.
The ban, which is related to Apple's alleged infringement of two Qualcomm software patents, only affects a small percentage of Apple's global revenue. But its timing speaks volumes.
As Apple reportedly develops its own processor for Macs, Qualcomm is making impressive performance and battery life claims for a new chip meant for Windows notebooks.
The chip giant beat estimates and outlined a plan for rapidly growing its new software unit's bottom line. It also suggested demand for older iPhones was better than expected.