Qualcomm Inc/De (NASDAQ: QCOM)

QUALCOMM Incorporated is a global technology leader that develops and commercializes foundational technologies such as on device artificial intelligence high performance low power computing and advanced wireless connectivity. The company’s platforms power intelligent devices across handsets automotive and the internet of things enabling functions ranging from communication to autonomous driving and edge computing.

QUALCOMM Incorporated generates revenue primarily from two sources. The first is the sale of integrated circuit products including the Snapdragon and Qualcomm Dragonwing families which are used in mobile devices automotive systems and IoT equipment. The second is licensing of its intellectual property portfolio which includes patents essential to cellular standards such as 3G 4G and 5G. Licensees pay royalties based on unit sales of products that incorporate the licensed technology.

The company operates through the following segments: QCT QTL and QSI.

• QCT develops and supplies integrated circuit platforms and system software with advanced connectivity and high performance low power computing for use in mobile devices automotive systems for connectivity digital cockpit and ADAS AD and IoT products including consumer electronic devices industrial devices and edge networking products.

• QTL grants licenses or otherwise provides rights to use portions of the intellectual property portfolio which includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products offering licenses to cellular standard essential patents for devices worldwide and collecting royalties based on licensee sales.

• QSI makes strategic investments primarily through Qualcomm Ventures focusing on early stage companies in areas such as 5G AI automotive consumer enterprise cloud IoT and XR holding non marketable equity securities and to a lesser extent marketable equity securities and convertible debt instruments.

QUALCOMM Incorporated holds a leading position in the global wireless technology industry due to its extensive portfolio of patents essential to cellular standards and its diversified business model that combines chip sales with licensing revenue. The company competes with semiconductor firms such as Intel MediaTek Samsung Semiconductor and Broadcom as well as with other intellectual property holders in the mobile sector. Its competitive advantages include the breadth of its patented technologies the scale of its licensing ecosystem and its ability to integrate advanced computing connectivity and AI capabilities into single chip solutions.

QUALCOMM Incorporated serves a diverse customer base that includes original equipment manufacturers of smartphones tablets PCs automotive systems and IoT devices. Its licensing business receives royalties from major handset makers such as Apple Samsung and Xiaomi which each accounted for 10% or more of fiscal 2025 revenues. Additionally the company supplies chipsets to automotive manufacturers and infrastructure providers for networking and industrial applications.