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.
Qualcomm has appointed Jim Cathey as Chief Commercial Officer, effective immediately. Cathey, who has been with Qualcomm since 2006, previously held senior roles overseeing global sales and business development. His leadership is credited with enhancing partner relationships and regional sales capabilities. This strategic move is expected to aid Qualcomm in exploring new industries and maximizing growth opportunities.
Qualcomm (NASDAQ: QCOM) announced it will release its financial results for the second quarter of fiscal 2022 on April 27, 2022, post-market hours. The results will be accessible on the Company's Investor Relations website and will also be submitted to the SEC via Form 8-K. Following the release, a conference call will be held on the same day at 1:45 p.m. PT, which will be available for live broadcast and later replay. Qualcomm continues to lead in wireless technology, especially in 5G development.
Qualcomm Incorporated (NASDAQ: QCOM) has announced a quarterly cash dividend of $0.75 per common share, with a payment date set for June 23, 2022. Stockholders of record must hold shares by the close of business on June 2, 2022. This announcement reinforces Qualcomm's commitment to returning value to shareholders amidst its leadership in wireless technology and the advancement of 5G connectivity.
Qualcomm has successfully acquired Arriver from SSW Partners, enhancing its capabilities in providing competitive Advanced Driver Assistance Systems (ADAS) to the automotive sector. This acquisition will integrate Arriver's technology into Qualcomm's Snapdragon Ride Platform, aiming to enhance autonomous driving functionalities. As a result, Qualcomm is better positioned within the automotive technology landscape, boasting a $13 billion automotive design-win pipeline and collaborations with major car manufacturers like General Motors and BMW.
Qualcomm has announced a 10% increase in its quarterly cash dividend, raising it from $0.68 to $0.75 per share, effective for dividends payable after March 24, 2022. This change brings the annualized dividend payout to $3.00 per share. CEO Cristiano Amon highlighted the company's commitment to returning capital to shareholders through dividends and stock repurchases, targeting a high-single-digit to low-double-digit growth in annual dividends.
Qualcomm Incorporated (NASDAQ: QCOM) announced its financial results for the first quarter of fiscal 2022 on February 2, 2022. The earnings release is available on the Qualcomm Investor Relations website and will be filed with the SEC. A conference call discussing the results will be held on the same day at 1:45 p.m. PT, with an audio replay available for 30 days. Qualcomm continues to be a leader in wireless technology, particularly in advancing 5G and mobile ecosystem innovations. For further information, visit www.qualcomm.com.
Qualcomm Incorporated (NASDAQ: QCOM) will release its financial results for the first quarter of fiscal 2022 on February 2, 2022, after market close. The results will be available on Qualcomm's Investor Relations website and submitted to the SEC via Form 8-K. A conference call to discuss the results will be held on the same day at 1:45 p.m. PT, with a replay available for 30 days. Qualcomm continues to be a leader in wireless technology, significantly contributing to the development of 5G across various sectors including automotive and IoT.
Qualcomm Incorporated (NASDAQ: QCOM) has announced a quarterly cash dividend of $0.68 per common share. This dividend is set to be paid on March 24, 2022, to stockholders of record by the close of business on March 3, 2022. Qualcomm is a leader in wireless technology, particularly in the 5G sector, and its innovations support a wide range of applications beyond smartphones, including automotive and the internet of things.
Qualcomm's CEO Cristiano Amon has been elected as the 2022 chair of the Semiconductor Industry Association (SIA), which represents 98% of the U.S. semiconductor industry by revenue. Amon, with a robust background in engineering and extensive industry experience, aims to promote growth and innovation in the sector, crucial for national security and economic strength. Matt Johnson, from Silicon Labs, has been appointed as vice chair. Amon's leadership will focus on crucial policies that support the semiconductor industry's importance in technology and the economy.
Qualcomm (NASDAQ: QCOM) announced its growth strategy during the 2021 Investor Day, projecting its addressable market to expand from $100 billion to $700 billion in the next decade. Key financial targets include mid-teens CAGR growth for QCT revenues and over 30% operating margin by fiscal 2024. Automotive revenue is expected to reach $3.5 billion in five years, while IoT revenues may grow to $9 billion. The company emphasizes a diversified business model, leveraging its technology roadmap across multiple sectors.
FAQ
What is the current stock price of Qualcomm (QCOM)?
What is the market cap of Qualcomm (QCOM)?
What does Qualcomm Inc. specialize in?
Where is Qualcomm headquartered?
What are some of Qualcomm's key patents?
What is the Qualcomm® Thinkabit Lab™?
How does Qualcomm support startups?
What is Qualcomm's investment in R&D?
How does Qualcomm contribute to sustainability?
What markets does Qualcomm supply its chips to?
What future technologies is Qualcomm working on?
How does Qualcomm engage with the global community?
