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 Ann Chaplin as the new general counsel and corporate secretary, effective November 1. Chaplin, who previously served at General Motors, is expected to leverage her extensive legal experience to support Qualcomm's growth ambitions. Don Rosenberg, the outgoing general counsel, will transition to a Special Advisor role until his retirement at year-end. Qualcomm's CEO, Cristiano Amon, expressed confidence in Chaplin's skills as the company navigates significant growth opportunities in technology sectors.
Qualcomm and SSW Partners announced a definitive agreement to acquire Veoneer for $37.00 per share, valuing Veoneer at $4.5 billion. This acquisition will involve SSW Partners retaining Veoneer's Tier-1 supplier businesses while selling the Arriver business to Qualcomm. The share price represents an 18% premium over a previous agreement with Magna. Expected to close in 2022, the deal is subject to regulatory approvals. Both Qualcomm and SSW Partners aim to ensure Veoneer’s business continuity and explore strategic partnerships for remaining assets.
Qualcomm's report, "Environmental sustainability and a greener economy: The transformative role of 5G," emphasizes how 5G technology can drive sustainability across industries. The report predicts that 5G could create 300,000 green jobs in the U.S. by 2030 and reduce greenhouse gas emissions by 374 million metric tons, equivalent to removing 81 million vehicles from roads. It also highlights potential water savings of 410 billion gallons nationwide and a 50% reduction in pesticide usage. Qualcomm calls for accelerated 5G deployment and investments to realize these sustainability benefits.
Qualcomm has proposed an all-cash acquisition of Veoneer at $37 per share, a move backed by its Board of Directors and not requiring stockholder approval. This acquisition aligns with Qualcomm's strategy to expand its automotive technology footprint, complementing its existing digital chassis solutions with Veoneer's assisted driving assets. The company anticipates a revenue-design win pipeline of approximately $10 billion in the automotive sector. Qualcomm plans to utilize existing cash resources for the acquisition, asserting no financing contingencies exist.
Qualcomm Incorporated (NASDAQ: QCOM) announced its fiscal third quarter financial results on July 28, 2021. The earnings release is accessible on the Qualcomm Investor Relations website. A live conference call discussing the results will take place on the same day at 1:45 p.m. PT, with a replay available for 30 days. Qualcomm is a key player in wireless technology and 5G, with products found in various devices across industries. For detailed financial metrics, the earnings report can be accessed online.
Qualcomm has announced the release date for its third quarter fiscal 2021 financial results, set for July 28, 2021, after the market closes. The earnings report will be accessible on the Investor Relations website and submitted to the SEC via Form 8-K. A conference call to discuss the results will also take place on July 28, 2021, at 1:45 PM PT, with a replay available for 30 days. Qualcomm is recognized as a leader in wireless technology and plays a crucial role in the 5G ecosystem.
Qualcomm Incorporated (NASDAQ: QCOM) declared a quarterly cash dividend of $0.68 per common share, to be paid on September 23, 2021. Shareholders on record as of September 2, 2021 will receive this payment. Qualcomm is a leader in wireless technology and plays a pivotal role in the development of 5G, with technologies that support 3G, 4G, and 5G smartphones. The company also extends its innovations to industries like automotive, the Internet of Things, and computing.
Qualcomm has announced the appointment of Don McGuire as the new senior vice president and chief marketing officer (CMO), effective immediately. He will report directly to CEO Cristiano Amon. McGuire, with over 25 years of marketing experience, previously held the position of vice president of Global Product Marketing at Qualcomm, where he played a pivotal role in redefining product marketing strategies. Penny Baldwin, the former CMO, will support the transition until her retirement later this year, ensuring continuity in marketing initiatives.
Qualcomm (NASDAQ: QCOM) announced its financial results for the second quarter of fiscal 2021 on April 28, 2021. The earnings release, detailing key metrics, is accessible on Qualcomm's Investor Relations website. A live conference call discussing these results is scheduled for the same day at 1:45 p.m. PT, with a replay available for 30 days. Qualcomm continues to innovate in wireless technologies, focusing on 5G and expanding into sectors like automotive and IoT. For more information, visit their website.
Qualcomm Incorporated (NASDAQ: QCOM) is set to release its financial results for Q2 fiscal 2021 on April 28, 2021, after market close. The earnings will be available on the Company's Investor Relations website and will also be filed with the SEC. A live conference call to discuss these results will take place on the same day at 1:45 p.m. PT, with a replay accessible for 30 days via the same platforms. Qualcomm remains a leader in wireless technology, driving innovations in 5G and other sectors.
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