Chipmaker Qualcomm's quarterly profit plunges 46 percent

A man walks past Qualcomm stand while attending the Mobile World Congress in Barcelona March 3, 2015.

/Albert Gea

- Mobile chip maker Qualcomm Inc's (QCOM.O) quarterly profit plunged 46 percent as it lost a key customer and its highly profitable licensing business suffered due to a Chinese government probe into its anti-competitive practices. Net income attributable to Qualcomm fell to $1.05 billion, or 63 cents per share in the second quarter ended March 29 from $1.96 billion, or $1.14 per share, a year earlier.Qualcomm, which is facing problems collecting royalties in China, said revenue rose to $6.89 billion from $6.37 billion. (Reporting by Lehar Maan in Bengaluru; Editing by Kirti Pandey)