STOCK TITAN

Qualcomm Announces Agreement with Apple for Chip Supply

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Qualcomm Technologies, Inc. signs agreement with Apple Inc. to supply Snapdragon 5G Modem-RF Systems for smartphone launches in 2024, 2025, and 2026, showcasing Qualcomm's strong position in 5G technologies.
Positive
  • Qualcomm secures long-term partnership with Apple, indicating potential revenue growth in the coming years
Negative
  • None.

SAN DIEGO, Sept. 11, 2023 /PRNewswire/ -- Qualcomm Technologies, Inc. today announced that it has entered into an agreement with Apple Inc. to supply Snapdragon® 5G Modem‑RF Systems for smartphone launches in 2024, 2025 and 2026. This agreement reinforces Qualcomm's track record of sustained leadership across 5G technologies and products.

Additional information is available on Qualcomm's Investor Relations website.

About Qualcomm
Qualcomm is enabling a world where everyone and everything can be intelligently connected. Our one technology roadmap allows us to efficiently scale the technologies that launched the mobile revolution – including advanced connectivity, high-performance, low-power compute, on-device intelligence and more – to the next generation of connected smart devices across industries. Innovations from Qualcomm and our family of Snapdragon platforms will help enable cloud-edge convergence, transform industries, accelerate the digital economy, and revolutionize how we experience the world, for the greater good.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.

Qualcomm and Snapdragon are trademarks or registered trademarks of Qualcomm Incorporated.

Qualcomm Contacts:
Clare Conley, Corporate Communications
Phone:  1-858-845-5959
Email: corpcomm@qualcomm.com

Mauricio Lopez-Hodoyan, Investor Relations
Phone:  1-858-658-4813
Email:  ir@qualcomm.com

Cision View original content:https://www.prnewswire.com/news-releases/qualcomm-announces-agreement-with-apple-for-chip-supply-301922755.html

SOURCE Qualcomm Technologies, Inc.

Qualcomm Inc

NASDAQ:QCOM

QCOM Rankings

QCOM Latest News

QCOM Stock Data

171.51B
1.11B
0.1%
80.14%
2.1%
Semiconductors
Radio & Tv Broadcasting & Communications Equipment
Link
United States of America
SAN DIEGO