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Qualcomm divests two non-core businesses in the same week

Qualcomm has sold off two business units in the same week, offloading its activities in electric vehicle charging and in e-health. The company, which is distracted by rising competition and litigation in its core mobile chip business, has sold its Halo vehicle charging technology to WiTriCity, a spin-off of the Massachusetts Institute of Technology, in exchange for an unspecified minority stake in WiTriCity. It has also sold Qualcomm Life to Francisco Partners. “In efforts to focus investments on core business and growing adjacent businesses that leverage our core technologies, we have made the decision to divest Qualcomm Life to Francisco Partners and Qualcomm Halo to WiTricity,” the company said in a statement Qualcomm has been developing Halo for at least…

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