Qualcomm is an American fabless semiconductor company that designs, manufactures, and markets digital wireless telecommunications products and services, recognized for developing processors, connectivity solutions, displays, software, and charging products. Qualcomm’s revenue amounted to 33.6 billion U.S. dollars in 2021, of which over 22.5 billion U.S. dollars was generated by sales in China alone. Qualcomm’s research and development expenditure approached 7.2 billion U.S. in 2021 as it continued to innovate in the wireless communications industry. Qualcomm’s technologies are used in mobile devices and other wireless products, with the mobile chip designer responsible for the Snapdragon suite of system on chip (SoC) integrated circuits.
Qualcomm’s business segments
Qualcomm's business offering includes a range of products and services, split across three reportable segments. The company conducts business primarily through its QCT semiconductor business and the QTL licensing business. QCT develops and supplies integrated circuits (ICs) and system software based on 3G/4G/5G and other technologies for use in mobile devices, wireless networks, broadband gateway equipment, consumer electronics, IoT devices, and automotive systems for telematics and infotainment.
The QTL segment grants licenses or provides rights to use portions of their intellectual property portfolio, including certain patent rights that are essential to and/or useful in the manufacture and sale of certain wireless products. Finally, the QSI segment makes strategic investments, with a focus on expanding or opening new opportunities for Qualcomm’s technologies as well as supporting the design and introduction of new or enhanced products and services.
Qualcomm is also a leading contributor to innovations and inventions concerning wireless technologies, notably 5G, Bluetooth, and Wi-Fi 6. Qualcomm is recognized among notable firms such as Ericsson, Huawei, and Nokia with regards to its wireless technology technical contributions, and is one of the leading owners of 5G patents. The company also has specialties in other technologies used across the wireless ecosystem including AR/VR/XR and device charging features.
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