Qualcomm Incorporated is a global technology company that develops and commercializes foundational technologies, including wireless connectivity, high-performance low-power computing and on-device AI. Its technologies and products power the growth of smartphones and other connected devices and are being scaled across industries such as automotive and IoT. Qualcomm derives revenue principally from sales of integrated circuit products, including its Snapdragon platform, and licensing its intellectual property, including patents.

• Employees: 49,000 (as of September 29, 2024)
• Geographic Footprint: 37 countries
• Headquarters: San Diego, California
• Founded: 1985
• Number of locations/facilities: 150+
• Revenue: $39.0 billion (FY2024)
• Market Cap: $190.0 billion (as of March 22, 2024)
• Key Subsidiaries/Brands: Qualcomm Technologies, Inc. (QTI), Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), Snapdragon

• CEO: Cristiano R. Amon
• CFO: Akash Palkhiwala
• Board Chair: Mark D. McLaughlin
• Other Key Executives: Heather Ace (Chief Human Resources Officer), Ann Chaplin (General Counsel and Corporate Secretary), James H. Thompson (Chief Technology Officer, QTI), Alexander H. Rogers (President, QTL and Global Affairs)

• Annual Revenue: $39.0 billion (FY2024)
• Net Income: $10.1 billion (FY2024)
• Market Cap: $190.0 billion (as of March 22, 2024)
• Total Assets: $55.2 billion (FY2024)
• Key Financial Highlights: Revenue increased by 9% year-over-year. Net income increased by 40% year-over-year.

Qualcomm offers integrated circuit products and system software, primarily through its QCT segment. Its key product is the Snapdragon family of platforms, which power mobile, compute, sound and automotive applications. QCT also sells RF front-end components, wireless connectivity products (Wi-Fi, Bluetooth), and other technologies. QTL licenses Qualcomm's intellectual property portfolio, including patents essential to manufacturing wireless products.

• QCT (Qualcomm CDMA Technologies): Develops and supplies integrated circuit platforms and system software for mobile, automotive, and IoT. Generated $33.2 billion in revenue in FY2024.
• QTL (Qualcomm Technology Licensing): Licenses Qualcomm's intellectual property portfolio. Generated $5.6 billion in revenue in FY2024.
• QSI (Qualcomm Strategic Initiatives): Makes strategic investments. Generated $18 million in revenue in FY2024.

Qualcomm's strategy is to maintain leadership in 5G and related technologies, expand into new markets beyond mobile (automotive and IoT), and invest in research and development to drive innovation. The company also pursues strategic acquisitions and investments to enhance its product offerings and market position.

Qualcomm operates in the highly competitive semiconductor industry, which is characterized by rapid technological change, evolving standards, and frequent new product introductions. Key competitors include Broadcom, HiSilicon, MediaTek, Mobileye, Nvidia, NXP Semiconductors, Qorvo, Samsung, Skyworks, Texas Instruments and UNISOC. The company also faces competition from internal development efforts by some of its largest customers, such as Apple and Samsung.

• Dependence on a small number of customers and licensees for a significant portion of revenue.
• Competition from customers vertically integrating (developing their own chips).
• Concentration of business in China, exacerbated by U.S./China trade and national security tensions.
• Dependence on a limited number of third-party suppliers.
• Risks related to cybersecurity and the misappropriation of critical information.