Qualcomm Inc - QCOM STOCK NEWS

Qualcomm has successfully acquired NUVIA for $1.4 billion, enhancing its CPU roadmap to strengthen its technology leadership within the Windows, Android, and Chrome ecosystems. The acquisition aims to integrate next-gen CPUs across various products, including smartphones, laptops, and advanced driver assistance systems. The first Snapdragon platforms featuring these new CPUs are expected to sample in late 2022. This strategic move positions Qualcomm to capitalize on the growing demand for high-performance computing in the 5G era.

Qualcomm (NASDAQ: QCOM) has announced a 5% increase in its quarterly cash dividend, raising it from $0.65 to $0.68 per share. This change will be reflected in dividends payable after March 25, 2021, resulting in an annualized payout of $2.72 per share. CEO Steve Mollenkopf expressed the company's strong financial performance and commitment to returning capital to shareholders.

Qualcomm (NASDAQ: QCOM) announced its financial results for Q1 fiscal 2021 on February 3, 2021. The earnings release is available on the Qualcomm Investor Relations website. The company is hosting a conference call on the same day to discuss the results, broadcasting live at 1:45 PM PT. An audio replay will be available for 30 days. Qualcomm continues to lead in wireless technology, driving the mobile ecosystem and expanding into industries such as automotive and IoT. For more details, visit the investor relations page.

Qualcomm (NASDAQ: QCOM) is set to release its financial results for the first fiscal quarter of 2021 on February 3, 2021, post-market close. The results will be accessible on its Investor Relations website and filed with the SEC. A conference call will take place the same day at 1:45 PM PT to discuss the earnings, with a replay available for 30 days. Qualcomm is recognized as a leading innovator in wireless technology and plays a crucial role in the 5G expansion. For more information, visit the company's website.

Qualcomm Incorporated (NASDAQ: QCOM) has declared a quarterly cash dividend of $0.65 per common share, with payment scheduled for March 25, 2021. Shareholders of record as of the close of business on March 4, 2021 will receive this dividend. This announcement highlights Qualcomm's ongoing commitment to returning value to its shareholders while solidifying its position as a leader in wireless technology and 5G innovation.

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.