Qualcomm Inc/De (NASDAQ: QCOM)

Qualcomm Incorporated, known as Qualcomm, is a global leader in the development and commercialization of foundational technologies for the wireless industry. The company's main business activities encompass the development and supply of integrated circuits and system software for mobile devices, automotive systems, and Internet of Things (IoT) devices. With a rich history of driving innovation and collaboration across many ecosystems, Qualcomm's position within the industry remains strong.

Qualcomm's primary products include its Snapdragon family of highly-integrated, system-based solutions. These solutions cater to a wide range of applications, including consumer electronics, automotive, and IoT. The Snapdragon mobile platform, for instance, is a popular product that integrates application processors and wireless connectivity capabilities, offering cellular modems, non-cellular wireless connectivity such as Wi-Fi and Bluetooth, and global positioning functions.

The company operates through three reportable segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). QCT develops and supplies integrated circuits and system software for mobile devices, automotive systems, and IoT devices. Meanwhile, QTL grants licenses or otherwise provides rights to use portions of Qualcomm's intellectual property portfolio, which includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products. QSI, on the other hand, focuses on expanding or opening new opportunities for Qualcomm's technologies as well as supporting the design and introduction of new products and services.

Qualcomm's technologies and products are used in various industries, including consumer electronics, automotive, and IoT. The company's innovations have significantly contributed to the growth of smartphones and other connected devices. Moreover, Qualcomm's inventions have played a crucial role in the development of industry standards, such as CDMA, OFDMA, and 5G.

The company's customers include leading manufacturers of mobile devices, automotive systems, and IoT devices, as well as operators and service providers. Qualcomm's intellectual property portfolio includes patents, patent applications, and trade secrets, which are essential to and/or useful in the manufacture and sale of certain wireless products. The company licenses its intellectual property to multiple licensees, including all of the leading handset manufacturers.

In terms of corporate responsibility and sustainability, Qualcomm has set several goals for 2025, including reducing its absolute Scope 1 and Scope 2 GHG emissions by 30% from global operations and reducing power consumption by 10% every year in its flagship Snapdragon Mobile Platform products. The company also has a strong focus on diversity, equity, and inclusion, implementing various programs and initiatives to promote these values.