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 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.
Qualcomm Incorporated (QCOM) announced the expiration results of its Cash Offers for four series of outstanding notes, which closed on August 11, 2020. The Cash Offer Settlement Date is expected on August 14, 2020. The total principal amounts tendered include $85.3 million for Old 2022 Notes, $52.6 million for Old 2023 Notes, $39.1 million for Old 2024 Notes, and $85.9 million for Old 2025 Notes. Eligible Holders who successfully tendered their notes will receive applicable considerations, including accrued interest. The conditions for cash offers were satisfied, and all validly tendered notes are expected to be accepted.
Qualcomm announced on August 11, 2020, the pricing terms for its private Exchange Offers to swap existing senior notes for new notes due in 2028 and 2032. The Exchange Offers will expire on the same day at 5:00 p.m. NY time. Eligible participants include institutional buyers and non-U.S. persons; cash tender offers are also available for certain ineligible holders. Key conditions include a minimum issuance of $500 million for each new note series. The New 2028 Notes will have an interest rate of 1.300%, while the New 2032 Notes will bear 1.650% interest.
Qualcomm Incorporated (NASDAQ: QCOM) has announced the pricing terms for its cash offers to purchase outstanding notes, expiring today, August 11, 2020, at 5:00 p.m. New York City time. The offers include four series of notes with total cash consideration capped at $300 million. Eligible holders may tender their notes for specified prices, including accrued interest. The settlement date is expected on August 14, 2020. These offers are open only to certain retail investors and are part of a broader exchange offer aimed at refinancing existing debt.
Qualcomm announced the launch of an exchange transaction involving $7.0 billion of outstanding notes through four private offers. The transactions allow eligible holders to exchange Old Notes for new senior notes, specifically New 2028 and New 2032 Notes. The Exchange Offers will expire on August 11, 2020, with the settlement expected on August 14, 2020. Eligibility is limited to qualified institutional buyers and non-U.S. persons, while cash tender offers will be available for Ineligible Holders. The offers are contingent upon meeting minimum conditions.
Qualcomm Incorporated (NASDAQ: QCOM) announced a cash offer to repurchase four series of outstanding notes totaling $7.0 billion. The offers, open only to specific retail holders, will expire on August 11, 2020. Eligible holders can validly submit tenders by this date to receive cash consideration along with accrued interest. The total cash payable is limited to $300 million, and the completion of the cash offers depends on the successful execution of corresponding exchange offers for new notes. For additional details, visit Qualcomm's Cash Offer Documents.
Qualcomm (QCOM) announced its financial results for the third quarter of fiscal 2020 on July 29, 2020. The earnings release is available on the Qualcomm Investor Relations website and has been filed with the SEC. The company will host a conference call regarding these results, live on the same day at 1:45 PM PT. Qualcomm is a leader in wireless technology and is instrumental in the expansion of 5G applications across various industries, including automotive and IoT.
Qualcomm announced the appointment of Jean-Pascal Tricoire, CEO of Schneider Electric SE, to its Board of Directors, effective immediately. His experience in digital transformation and international leadership is expected to benefit Qualcomm, especially as the company pushes its dominance in 5G technology. Tricoire's term will last until Qualcomm's annual stockholder meeting in 2021. His extensive career includes roles at Schneider since 1986, and as Chairman & CEO since 2013. This strategic addition aims to enhance Qualcomm's innovative capabilities in various sectors.
Qualcomm (NASDAQ: QCOM) will disclose its third quarter fiscal 2020 financial results on July 29, 2020, after market close. The release will be available on their Investor Relations website and filed with the SEC. A live conference call is scheduled for the same day at 1:45 p.m. PT, with a replay accessible for 30 days afterward. Qualcomm continues to lead in wireless technology and play a significant role in the expansion of 5G, aiming to enhance communication across various industries.
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