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 announced an agreement to acquire NUVIA for approximately $1.4 billion, pending regulatory approval. The acquisition aims to enhance Qualcomm's Snapdragon technology by integrating NUVIA's high-performance CPU expertise, delivering significant advancements in CPU performance and power efficiency. This move supports Qualcomm's strategy to lead in 5G computing and expand its product offerings across smartphones, laptops, and other devices. The integration of NUVIA is expected to strengthen Qualcomm's competitive edge in various industries, including automotive and extended reality.
Qualcomm announced the expiration of its Registered Exchange Offer for two series of Private Placement Notes totaling $2.206 billion. The 1.300% Notes due 2028 had $961.4 million outstanding, with $952.4 million tendered. The 1.650% Notes due 2032 had $1.245 billion outstanding, with $1.234 billion tendered. All tendered notes were accepted, and settlement will occur on or about January 6, 2021.
The Registered Notes will have the same terms as the Private Placement Notes and will be registered under the Securities Act, eliminating transfer restrictions.
Qualcomm Incorporated (Nasdaq: QCOM) announced the appointment of Cristiano Amon as CEO, effective June 30, 2021, succeeding Steve Mollenkopf, who will retire after 26 years. Amon, with Qualcomm since 1995, is currently President and has played a key role in developing Qualcomm's 5G strategy. Mollenkopf praised Amon's leadership and the company's solid position for future growth. Amon expressed enthusiasm for guiding Qualcomm as it continues to innovate and expand into various industries, reinforcing its role in the digital transformation.
Qualcomm has commenced a Registered Exchange Offer for its $2.2 billion outstanding Private Placement Notes, allowing holders to exchange these for new notes registered under the Securities Act. The offer includes 1.300% Notes due 2028 and 1.650% Notes due 2032, totaling $961 million and $1.25 billion respectively. The exchange offer expires on January 4, 2021, with settlement expected shortly after on January 6, 2021. This move follows a prior exchange offer and is designed to facilitate the registration of the company's debt securities.
On November 19, 2020, Qualcomm Incorporated (QCOM) announced the appointment of Sylvia Acevedo and Greg Johnson to its Board of Directors. Acevedo, former CEO of Girl Scouts of the USA, brings extensive leadership experience, serving on the Governance Committee. Johnson, EVP at Intuit, will contribute to the HR and Compensation Committee. The Board emphasized the value of their diverse perspectives as Qualcomm continues to lead in the 5G transition and capitalize on market opportunities. These appointments reflect an ongoing strategy to enhance governance and leadership effectiveness.
Qualcomm (NASDAQ: QCOM) announced its financial results for Q4 and fiscal 2020 on November 4, revealing strong performance in mobile technology. The company continues to lead in 5G innovation, significantly impacting various sectors, including automotive and IoT. Interest in its licensing business and semiconductor products remains robust. The investor call will provide further insights into earnings and future guidance, available on their investor relations website.
Qualcomm (NASDAQ: QCOM) is set to release its fourth quarter and fiscal 2020 financial results on November 4, 2020, after market close. Investors can access the earnings release on Qualcomm's Investor Relations website. A conference call discussing the results will occur on the same day at 1:45 PM PT, with live broadcasting available online. Following the call, an audio replay will be provided for 30 days, accessible for both U.S. and international callers.
Qualcomm Incorporated (NASDAQ: QCOM) announced a quarterly cash dividend of $0.65 per common share, payable on December 17, 2020, to stockholders of record as of December 3, 2020. As a leader in wireless technology, Qualcomm continues to influence the mobile ecosystem, particularly with advancements in 5G. Besides its licensing business, Qualcomm Technologies, Inc. manages extensive engineering and research functions vital for product development.
Qualcomm Technologies has selected 33 small businesses for its Small Business Accelerator Program, aimed at aiding their transition to a mobile-first digital environment. The program, launched in June, received over 375 applications across various sectors. Each selected business will receive technology solutions and support worth up to US$25,000, including mobile devices and software from partners like Microsoft and Samsung. This initiative aims to empower small businesses, particularly those that are women-, minority-, or veteran-owned, during the ongoing pandemic.
Qualcomm announced the results of its private exchange offers for four series of notes, which expired on August 11, 2020. Eligible holders tendered approximately $400.4 million of Old 2022 Notes, $508.3 million of Old 2023 Notes, $555.3 million of Old 2024 Notes, and $552.4 million of Old 2025 Notes. Qualcomm expects to issue $957 million of New 2028 Notes and $1.232 billion of New 2032 Notes in exchange. No cash proceeds will be received from these offers, and interest on the old notes ceases on the settlement date, expected on August 14, 2020.
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?
