Qualcomm's smartphone business collapsed 20% while automotive chips surged 61%, forcing the chipmaker to miss earnings for the first time in six quarters as input cost inflation squeezed margins, but CEO Cristiano Amon is betting the company can reach $40 billion in non-handset revenue by fiscal 2029 to offset the handset decline.
Qualcomm :
QCOM
QCOM
Stock Data
$167.60
$7.21 (4.50%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SEMICONDUCTORS
Qualcomm Inc is a leading innovator in the wireless industry, known for developing essential technologies that power mobile devices and networks around the globe. With a focus on 3G, 4G, and 5G technologies, Qualcomm designs integrated circuits and system software for a wide range of applications, including communication, networking, and multimedia. Additionally, the company licenses its vast patent portfolio, supporting various wireless standards. Qualcomm also invests in emerging tech sectors like artificial intelligence and automotive, showcasing its commitment to advancing wireless technology and connectivity solutions. Founded in 1985, Qualcomm's headquarters is in San Diego, California.
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