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 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.
Qualcomm Technologies has announced a collaboration with BMW Group to advance driver assistance technologies using its Snapdragon Ride Platform. This partnership aims to enhance BMW's next generation of automated driving systems by integrating Qualcomm's vision system-on-chip (SoC) and Car-2-Cloud services. BMW, recognized for its long-standing innovation in the automotive sector, will utilize Qualcomm's ADAS solutions to deliver comprehensive functionalities including camera computer vision and advanced compute controllers. Both companies express commitment to revolutionizing vehicle automation.
Qualcomm (NASDAQ: QCOM) released its fourth quarter and fiscal 2021 financial results, available on its Investor Relations website. The earnings call will take place on November 3, 2021, at 1:45 PM PT. Qualcomm continues to be a leader in wireless technology, driving the 5G expansion across various industries including automotive and IoT. The company's licensing division, along with its semiconductor business, plays a crucial role in its operations. For detailed results, visit the IR site or the SEC.
Qualcomm (NASDAQ: QCOM) will announce its fourth quarter and fiscal 2021 results on November 3, 2021, after market close. The earnings release will be available on Qualcomm's Investor Relations website and filed with the SEC on Form 8-K. A conference call to discuss the results is scheduled for 1:45 p.m. PT on the same day, with an audio replay accessible for 30 days. Qualcomm is recognized as a leader in wireless technology, particularly in the development and expansion of 5G.
Qualcomm Incorporated (NASDAQ: QCOM) has declared a quarterly cash dividend of $0.68 per common share, payable on December 16, 2021. Stockholders must be on record by the close of business on December 2, 2021 to qualify. This dividend reflects Qualcomm's strong financial position and commitment to returning value to its shareholders. As a leader in wireless technology, Qualcomm continues to drive advancements in 5G and has a diverse portfolio impacting various industries.
Qualcomm's Board of Directors has approved a new $10.0 billion stock repurchase authorization, effective immediately. This program is in addition to the remaining $0.9 billion from the prior repurchase program initiated in July 2018. The new repurchase plan has no expiration date and will consider prevailing market conditions. These repurchases may occur through various methods and are funded using the Company’s cash resources. This buyback aims to enhance shareholder value and reflects confidence in Qualcomm's future prospects.
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