Qualcomm Announces New $10 Billion Stock Buyback

One of many Qualcomm buildings is shown in San Diego, Calif., on Nov. 3, 2015. (Mike Blake/Reuters)

Qualcomm Inc. on Tuesday announced a new $10 billion stock buyback, effective immediately.

The repurchase will add to the company’s stockbuyback program announced in July 2018, which has $900 million of repurchase authority remaining.