QUALCOMM Incorporated (NASDAQ:QCOM) was founded in July 1985 and is headquartered in San Diego, California. It has 35,400 employees worldwide. It is a multinational radio communication technology research and development company. A large wireless chip manufacturer.
QUALCOMM Incorporated (QCOM):
Qualcomm is a radio communication technology research and development company located in San Diego, California. It was founded in 1985 by professors Irwin Mark Jacobs and Andrew Viterbi of the University of California, San Diego. The two had previously co-founded Linkabit.
Qualcomm designs various ARM-based CDMA, chips designed for mobile site modems (MSM series), baseband radio chips and power processing chips. These chipsets are sold to mobile phone manufacturers, such as Kyocera, Motorola and HTC, and Samsung Electronics are integrated into CDMA multi-cell phones. Qualcomm used to design, maintain and sell the e-mail software Eudora. Qualcomm is also developing a cellular/data system for the merged Sprint-Nextel company, Q-Chat to replace Nextel’s existing iDEN system.
Qualcomm owns more than 3000 patents and patent applications for CDMA and other technologies and has issued CDMA patent licenses to more than 125 telecommunications equipment manufacturers worldwide. Qualcomm’s business covers 3G and 4G chipsets with leading technology (currently doing 5G research), system software and development tools and products, granting of technology licenses, BREW application development platform, QChat, BREWChatVoIP solution technology, QPoint positioning solutions, Eudora email software, including comprehensive wireless solutions such as two-way data communication system, wireless consulting and network management services, MediaFLO system and GSM1x technology.
Qualcomm is a major chip supplier for global branded smart phones such as Nokia , MOTO , LG , Samsung , HTC, and Sony . In China, most smartphones from manufacturers such as Huawei , ZTE, Lenovo , Xiaomi, Hisense, and Haier also use Qualcomm Snapdragon processors. Many well-known smart phones and star terminals such as Nokia Lumia series, Xiaomi & Redmi series, HTC One series, Lenovo Smart TV & Music Phone, BBK vivo.
Qualcomm’s position in the smartphone industry is equivalent to that of the chip giant Intel in the PC field .
QUALCOMM Incorporated History:
- In July 1985, Qualcomm was established.
- In 1988, the freight industry adopted Qualcomm’s OmniTRACS system.
- In 1989, Qualcomm introduced the code division multiple access (CDMA) technology for wireless and data products, and its appearance permanently changed the face of global wireless communications.
- Since 1994, Qualcomm has provided more than 8 billion chips to many manufacturers around the world.
- In 2002, Qualcomm Corp. acquired Wilocity, an Israeli high-speed wireless chip manufacturer, for US$300 million.
- In June 2003, Qualcomm announced that it would invest US$100 million to fund Chinese start-ups engaged in the development and commercialization of CDMA products, applications and services.
- In August 2004, China Unicom and Qualcomm jointly launched the “World Wind” dual-mode mobile phone.
- In May 2011, Qualcomm announced the completion of the acquisition of Atheros, a company called Atheros.
- On January 23, 2014, computer giant HP announced that it had sold 2,400 mobile technology patents to wireless chip manufacturer Qualcomm.
- On October 15, 2014, Qualcomm acquired the British chip manufacturer CSR for 1.56 billion euros (2.5 billion US dollars).
- On May 25, 2015, Qualcomm and Daimler Motors (the parent company of Mercedes-Benz and Maybach Motors) jointly announced that they will cooperate and develop research and development on in-vehicle wireless charging and electric vehicle wireless charging technologies.
- On January 20, 2016, GlaxoSmithKline and Qualcomm negotiated the establishment of a joint venture company to explore ways to develop medical technology.
- October 27, 2016, Qualcomm announced plans for $ 110 per share in cash, a $ 37.88 billion acquisition of NXP Semiconductors (NXP Semiconductors), this acquisition including debt worth up to $ 47 billion. According to the anti-monopoly law, the transaction needs to be approved by the regulatory agencies of nine countries to complete. Therefore, the deadline for acquisition proposals has been postponed 29 times, and the acquisition price has increased to US$44 billion.
- On November 6, 2017, Broadcom Limited (Broadcom) plans to acquire Qualcomm with a ratio of US$60 in cash and US$10 in shares for a total of US$70 per share, involving more than US$130 billion. On November 13, 2017, all directors of Qualcomm unanimously rejected the Broadcom acquisition proposal. The company’s board of directors agreed that from the perspective of Qualcomm’s leadership in mobile technology and future growth potential, Broadcom’s proposal clearly underestimated the value of Qualcomm. On March 12, 2018, US President Trump issued an executive order to block the merger on the grounds of national security. Trump stated: “Based on credible evidence, I think Broadcom’s acquisition of Qualcomm may hinder US national security.”
- On July 25, 2018, Qualcomm announced that it would abandon the acquisition of NXP and pay NXP a $2 billion breakup fee. As the Ministry of Commerce of China issued the “Guiding Opinions on the Declaration of Concentration of Undertakings”, the concentration of undertakings only needs to have a global annual turnover of more than RMB 10 billion, and at least two operators have a turnover of over RMB 400 million in China in the previous year. , Then it should be reported to the Ministry of Commerce of China for anti-monopoly review. However, the process of Qualcomm’s declaration to China coincided with a trade dispute between China and the United States. The acquisition has not been approved by China, and Qualcomm had to abandon the acquisition. After the termination of the acquisition, it will repurchase 30 billion US dollars of shares to create maximum value for shareholders.
- In September 2018, Qualcomm accused Apple of stealing chip secrets: helping Intel improve chip performance, and filed a complaint to the California Supreme Court. Qualcomm believes that Apple’s ultimate goal is to raise the level of Intel products to the level of Qualcomm. After that, Apple will have two suppliers to choose from, so that the two companies can fight for price comparison.
- On April 16, 2019, when the court debate just started, Qualcomm and Apple suddenly issued a joint statement announcing a settlement. Apple will pay an undisclosed amount to Qualcomm, and the two parties have reached a six-year patent licensing agreement. Qualcomm will provide Apple with modem chips again. A few hours after the announcement, Intel announced that it would stop the development of 5G modem products for mobile devices .