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    Qualcomm Inc (QCOM)

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    Qualcomm Incorporated is a leading technology company that operates primarily through its semiconductor and licensing businesses. The company develops and supplies integrated circuits and system software based on 3G/4G/5G technologies for mobile devices, automotive systems, and IoT products, significantly contributing to its revenue . Qualcomm also grants licenses for its intellectual property, including essential patent rights for wireless products . Additionally, the company engages in strategic investments and acquisitions to expand its market reach beyond mobile handsets, including automotive and IoT sectors .

    1. QCT (Qualcomm CDMA Technologies) - Develops and supplies integrated circuits and system software for mobile devices, automotive systems, and IoT products, leveraging 3G/4G/5G technologies.
    2. QTL (Qualcomm Technology Licensing) - Grants licenses for Qualcomm's intellectual property, including essential patent rights for wireless products.
    3. QSI (Qualcomm Strategic Initiatives) - Focuses on strategic investments to support the company's expansion into new markets and technologies.
    NamePositionStart DateShort Bio
    Cristiano R. AmonPresident and Chief Executive OfficerJune 2021Cristiano R. Amon, age 54, has served as the President and Chief Executive Officer of Qualcomm since June 2021. He joined Qualcomm in 1995 as an engineer and has held several technical and leadership positions .
    Akash PalkhiwalaChief Financial Officer and Chief Operating OfficerNovember 2019 (CFO), January 2024 (COO)Akash Palkhiwala, age 49, has served as Chief Financial Officer since November 2019 and as Chief Operating Officer since January 2024. He joined Qualcomm in March 2001 and has held various finance and leadership roles .
    James H. ThompsonChief Technology OfficerMarch 2017James H. Thompson, age 60, has served as Chief Technology Officer (CTO) of Qualcomm Technologies, Inc. (QTI) since March 2017. He joined Qualcomm in 1992 as a senior engineer and has held several technical and leadership positions .
    Alexander H. RogersPresident, Qualcomm Technology Licensing & Global AffairsJune 2021Alexander H. Rogers, age 67, has served as President, Qualcomm Technology Licensing (QTL) and Global Affairs since June 2021. He joined Qualcomm in January 2001 as an attorney and has held various leadership positions .
    Ann ChaplinGeneral Counsel and Corporate SecretaryNovember 2021Ann Chaplin has served as General Counsel and Corporate Secretary at Qualcomm since November 2021. Before joining Qualcomm, she held various legal leadership positions at General Motors Company .
    Heather AceChief Human Resources OfficerMarch 2020Heather Ace, age 54, has served as the Chief Human Resources Officer at Qualcomm since March 2020. Before joining Qualcomm, she was the Senior Vice President of Human Resources at DexCom, Inc. .
    Dr. Baaziz AchourDeputy Chief Technology Officer, CTO-electFebruary 3, 2025Dr. Baaziz Achour currently serves as Deputy CTO and will become the Chief Technology Officer (CTO) on February 3, 2025, following Dr. James H. Thompson's retirement from the position .
    1. Given your guidance that China Android revenues are expected to grow by more than 40% sequentially, can you explain the factors driving this significant increase and how it impacts your other major OEM customers?
    2. Your QCT IoT revenues have shown strong year-over-year growth, but you're also forecasting a sequential decline consistent with previous years; can you clarify the drivers behind both the growth and the anticipated decline, and how sustainable is this performance?
    3. With the upcoming ARM dispute trial in December, can you discuss the potential risks to your custom CPU design rights and how a negative outcome might affect your product roadmap and business strategy?
    4. Chipset gross margins appear to be guided slightly lower for Q1; is this due to increased wafer costs or changes in product mix, and how should we think about your gross margin trajectory moving forward?
    5. Considering the acceleration of flagship Android handset launches and your strong performance in non-smartphone areas, how sustainable is the double-digit revenue growth into the March quarter, and what factors could impact this momentum?
    Program DetailsProgram 1Program 2
    Approval DateOctober 12, 2021 November 6, 2024
    End Date/DurationNo expiration date No expiration date
    Total additional amount$10.0 billion $15.0 billion
    Remaining authorization$1.0 billion $15.0 billion
    DetailsNo expiration date New authorization
    YearAmount Due (in billions)Debt TypeInterest Rate (%)% of Total Debt
    2025$1.4 May 2015 Notes 3.45% - 4.72% 9.6% = (1.4 / 14.634) * 100
    2027$2.0 May 2017 Notes 3.81% - 4.45% 13.7% = (2.0 / 14.634) * 100
    2028$1.0 August 2020 Notes 2.37% - 3.39% 6.8% = (1.0 / 14.634) * 100
    After 2029$10.6 Various Various 72.4% = (10.6 / 14.634) * 100

    Competitors mentioned in the company's latest 10K filing.

    • Broadcom - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
    • HiSilicon - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
    • MediaTek - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
    • Mobileye - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
    • Nvidia - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
    • NXP Semiconductors - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
    • Qorvo - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
    • Samsung - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives; also a customer developing its own integrated circuit products .
    • Skyworks - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
    • Texas Instruments - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
    • UNISOC - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
    • Apple - A customer developing its own integrated circuit products, effectively making it a competitor .
    CustomerRelationshipSegmentDetails
    Apple
    Buys modem products from Qualcomm; also developing own modem technology
    All
    ≥ 10% of total FY2024 revenue ($38,962 million) ⇒ ≥ $3,896 million
    Samsung
    Purchases integrated circuit products from Qualcomm; also competes via vertical integration
    All
    ≥ 10% of total FY2024 revenue ($38,962 million) ⇒ ≥ $3,896 million
    Xiaomi
    Purchases Qualcomm’s integrated circuit products for premium-tier handsets
    All
    ≥ 10% of total FY2024 revenue ($38,962 million) ⇒ ≥ $3,896 million
    NameStart DateEnd DateReason for Change
    PricewaterhouseCoopers LLP1985 PresentCurrent auditor

    Recent developments and announcements about QCOM.

    Corporate Leadership

      Leadership Change

      ·
      Dec 12, 2024, 9:28 PM

      Dr. James H. Thompson, the Chief Technology Officer (CTO) of Qualcomm Technologies, Inc., is leaving his position effective February 3, 2025. He announced his intention to retire on December 10, 2024. Dr. Thompson will continue with the company in an advisory role post-retirement. Dr. Baaziz Achour, currently the Deputy CTO, will step up as the CTO-elect immediately and will officially take over as CTO upon Dr. Thompson's retirement .