Qualcomm Inc
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Information Technology : Semiconductors & Semiconductor Equipment | Large Cap Value
Company profile

Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry. The Company’s segments Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives (QSI). QCT segment develops and supplies integrated circuits and system software based on third generation/fourth generation/fifth generation (3G/4G/5G) and other technologies for use in wireless voice and data communications, networking, computing, multimedia and global positioning system (GPS) products. QTL Segment grants licenses or otherwise provides rights to use portions of its intellectual property portfolio, which, among other rights, includes certain patent rights essential to and/or useful in the manufacture, sale and/or use of certain wireless products, including, without limitation, products implementing CDMA2000, WCDMA, LTE and/or OFDMA-based 5G standards and their derivatives. QSI Segment makes strategic investments.

Day's Change
-0.95 (-0.87%)
B/A Size
Day's High
Day's Low
(Below Average)

Today's volume of 2,457,667 shares is on pace to be lower than QCOM's 10-day average volume of 7,167,894 shares.


Qualcomm boosting auto chip holdings with Autotalks acquisition

11:42 am ET May 8, 2023 (MarketWatch)

Qualcomm Inc. (QCOM) said Monday it agreed to buy Israel-based auto chip maker Autotalks to strengthen its portfolio of Snapdragon chips for automakers. While Qualcomm did not provide an amount, the company is reportedly paying $350 million to $400 million for the company, according to TechCrunch, citing unnamed sources. Autotalks specializes in "vehicle-to-everything," or V2X, communication technologies that are intended to reduce collisions and improve mobility, Qualcomm said. Recently, Qualcomm reported that second-quarter auto chip sales rose 20% to $447 million from a year ago. Autotalks has already received $100 million in funding from such investors as Foxconn and Nuvoton Technology Corp. , according to Crunchbase.

-Wallace Witkowski

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(END) Dow Jones Newswires

May 08, 2023 11:42 ET (15:42 GMT)

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