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Qualcomm Inc - QCOM STOCK NEWS

Welcome to our dedicated page for Qualcomm news (Ticker: QCOM), a resource for investors and traders seeking the latest updates and insights on Qualcomm stock.

Qualcomm Inc. (QCOM) is a leading American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. Known for its innovative contributions to wireless technology, Qualcomm develops and licenses essential technology and designs semiconductors for mobile devices. Core to its business are its patents related to 5G, 4G, CDMA2000, TD-SCDMA, and WCDMA standards, which are integral to modern mobile communication networks.

In addition to licensing its technology to nearly all wireless device makers, Qualcomm stands as the world's largest supplier of wireless chips, providing advanced processors to top-tier smartphone manufacturers. The firm's expertise also extends into RF-front end modules, automotive technology, and the Internet of Things (IoT), showcasing a diverse portfolio that goes beyond mobile devices.

Recent achievements include the Qualcomm® Thinkabit Lab™, an initiative engaging over 100,000 youth in hands-on engineering projects since its inception in 2014. This program, in collaboration with STEM Next, aims to ignite interest in STEM careers among students across multiple states.

Qualcomm's global reach is further exemplified by its ecosystem programs such as the Qualcomm Vietnam Innovation Challenge (QVIC), Qualcomm Innovate in Taiwan Challenge (QITC), and the Africa Innovation Platform. These initiatives support startups with technology training, business coaching, and intellectual property mentoring, fostering innovation and entrepreneurship in emerging markets.

Financially, Qualcomm has made significant investments in R&D, exceeding $85 billion over the years, resulting in a robust patent portfolio of over 160,000 patents and applications. The company's focus on future technologies includes advancements in AI, 6G, and multimedia, ensuring its leadership position in the industry.

Qualcomm's commitment to sustainability is evident through its collaborations with suppliers on environmental initiatives and renewable energy projects. The company continues to drive innovation, societal advancement, and sustainability, making substantial contributions to the global technology landscape.

Rhea-AI Summary

Qualcomm highlights the success story of Van Pham, founder of Emmay, a Vietnamese startup specializing in plant protein derived from mushrooms. Utilizing the HerVenture app, Pham improved business planning and expanded her operations. Her efforts led to the establishment of a digital marketing and sales team, which significantly boosted revenue and enhanced brand recognition for her company. Emmay offers a variety of mushroom-based products, including snacks and sauces, and is paving the way in the plant protein industry.

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Qualcomm highlights the success of Mai Thi Le Quyen, a lawyer turned entrepreneur in Vietnam, who utilized their HerVenture app to enhance her business acumen. The app, designed for entrepreneurial training, offers lessons through engaging games, covering topics such as strategic planning, project management, and financial skills. Le Quyen, CEO of Finch Law, finds the app instrumental in applying SMART principles and improving her operational capabilities. Her story underscores Qualcomm's commitment to empowering women entrepreneurs and promoting entrepreneurial skills in emerging markets.

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Qualcomm Incorporated (NASDAQ: QCOM) released its financial results for the first quarter of fiscal 2023 on February 2, 2023. The earnings release is accessible on the Qualcomm Investor Relations website and will be submitted to the SEC as a Form 8-K. Qualcomm will hold a conference call on the same day at 1:45 p.m. PT to discuss these results, which will also be available for replay. The company focuses on developing technologies that connect devices across various industries, aiming to revolutionize experiences through advancements in connectivity and computing.

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Qualcomm, in collaboration with Ericsson and Smart Communications, is launching a virtual reality-based teacher training initiative in Manila as part of its Connect To Learn program. This project aims to enhance digital connectivity and education quality for public-school teachers and future educators at the Philippine Normal University. The initiative addresses the digital divide, highlighted by the ITU's report indicating that 2.7 billion people lack internet access. By leveraging VR technology, Qualcomm seeks to upskill teachers, improving learning outcomes in underserved communities.

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Qualcomm recently highlighted the inspiring story of Nguyen Thi Kim Thoa, who leads Abavina in its endeavor to enhance the production capacity of environmentally friendly farmers in Vietnam. Supported by the HerVenture mobile app, designed for women entrepreneurs, Thoa aims to create a sustainable farming industry that promotes harmony with the environment. This initiative aligns with Qualcomm's commitment to fostering social impact through innovative technology.

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Qualcomm has released a white paper titled "5G and the Digital Divide", highlighting 5G technology's potential to close the digital divide, which still affects 37% of the global population. The report identifies three core issues behind this divide: lack of connectivity, affordability, and digital skills. It emphasizes that widespread deployment of 5G Fixed Wireless Access could boost global GDP by $3.3 trillion by 2032, benefiting middle- and low-income economies significantly. The report advocates for collaboration among stakeholders to harness 5G's capabilities for economic growth and improved access to education, healthcare, and financial services.

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Qualcomm Incorporated (NASDAQ: QCOM) will release its financial results for the first quarter of fiscal 2023 on February 2, 2023, after market close. Investors can access the earnings release on the company's Investor Relations website. A live conference call will follow at 1:45 p.m. PT on the same day, with a replay available for 30 days. The announcement marks a pivotal moment for Qualcomm as it continues to drive technological innovation across connected devices and industries, leveraging its extensive patent portfolio and Snapdragon platforms to foster digital transformation.

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Qualcomm engaged in high-level discussions on sustainability during the 53rd Annual Meeting of the World Economic Forum in Davos from January 16-20, 2023. Chief Sustainability Officer Angela Baker highlighted the company's commitment to corporate responsibility and ESG initiatives aimed at bridging the digital divide. Her focus includes promoting practical solutions for a net-zero economy and enhancing policy dialogue to drive digital transformation. Collaboration among stakeholders is deemed essential for achieving sustainable global solutions, positioning Qualcomm as a dedicated player in shaping a resilient, interconnected economy.

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Qualcomm emphasizes the importance of digital transformation as a key driver for sustainable growth and innovation, highlighted during the World Economic Forum Annual Meeting on January 18, 2023. This trend, accelerated by the pandemic, enables businesses to adopt intelligently connected solutions and enhance operational efficiency. The convergence of 5G technology plays a crucial role in facilitating these transformations. Companies are encouraged to innovate new business models and improve customer experiences, which are vital for increasing loyalty and revenue.

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Qualcomm Incorporated (NASDAQ: QCOM) declared a quarterly cash dividend of $0.75 per common share, set to be paid on March 23, 2023. Stockholders of record must hold shares by March 2, 2023 to be eligible for this dividend. Qualcomm is a leading innovator in wireless technology, significantly contributing to the development of 5G technology, which has revolutionized mobile connectivity.

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FAQ

What is the current stock price of Qualcomm (QCOM)?

The current stock price of Qualcomm (QCOM) is $152.89 as of December 20, 2024.

What is the market cap of Qualcomm (QCOM)?

The market cap of Qualcomm (QCOM) is approximately 166.6B.

What does Qualcomm Inc. specialize in?

Qualcomm specializes in developing and licensing wireless technology and designing semiconductors for mobile devices.

Where is Qualcomm headquartered?

Qualcomm is headquartered in San Diego, California, and incorporated in Delaware.

What are some of Qualcomm's key patents?

Qualcomm holds key patents critical to 5G, 4G, CDMA2000, TD-SCDMA, and WCDMA mobile communications standards.

What is the Qualcomm® Thinkabit Lab™?

The Qualcomm® Thinkabit Lab™ is an educational initiative that engages youth in hands-on engineering activities, fostering interest in STEM careers.

How does Qualcomm support startups?

Qualcomm supports startups through ecosystem programs like QVIC, QITC, and the Africa Innovation Platform, providing training, mentoring, and funding.

What is Qualcomm's investment in R&D?

Qualcomm has invested over $85 billion in R&D, resulting in a robust patent portfolio of over 160,000 patents and applications.

How does Qualcomm contribute to sustainability?

Qualcomm collaborates with suppliers on environmental initiatives and renewable energy projects, promoting sustainability and reducing environmental impact.

What markets does Qualcomm supply its chips to?

Qualcomm supplies its chips to markets including smartphones, automotive, and the Internet of Things (IoT).

What future technologies is Qualcomm working on?

Qualcomm is working on advancements in AI, 6G, multimedia, and other cutting-edge technologies.

How does Qualcomm engage with the global community?

Qualcomm engages with the global community through various educational programs, sustainability initiatives, and support for technological innovation.

Qualcomm Inc

Nasdaq:QCOM

QCOM Rankings

QCOM Stock Data

166.63B
1.11B
0.1%
80.14%
2.08%
Semiconductors
Radio & Tv Broadcasting & Communications Equipment
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United States of America
SAN DIEGO