Showing posts with label Qualcomm. Show all posts
Showing posts with label Qualcomm. Show all posts

Tuesday, November 6, 2018

Qualcomm advances its LTE-V2X in China

Qualcomm Technologies is expanding its efforts with China’s growing ecosystem of leading automakers and suppliers to commercialize LTE Vehicle-to-Everything (LTE-V2X) direct communication technology based on 3GPP Release 14 specifications.

LTE-V2X, which is also known as C-V2X, is designed to support improved automotive safety, traffic efficiency, and automated driving using high performance and reliable real-time direct communication between vehicles, as well as with roadside infrastructure, and is on an evolution path supporting additional functionality as part of 5G New Radio (5G NR).

Qualcomm Technologies is working alongside automakers including Audi China, BAIC, ChangAn, Geely and Great Wall and others, as well as China SAE ITS software stack providers Genvict, Nebula Link and Savari, Inc., to host China’s first large-scale multi-interoperability live demonstrations of LTE-V2X during the SAE China Congress Exhibition (SAECCE) event in Shanghai. 

Collectively, the seven V2V and V2I use cases that will be demonstrated include: Optimal Speed Advisory, Lane Change Alert / Blind Spot Alert, Emergency Brake Warning, Forward Collision Warning, Emergency Vehicle Warning, Intersection Collision Warning, and Slippery Road Alert.

LTE-V2X PC5-based direct communication operates in the 5.9 GHz spectrum that the China government recently designated for LTE-V2X ITS applications and works independently of cellular operator network involvement. Through these demonstrations, China is well-positioned to demonstrate leadership in LTE-V2X with commercial readiness for RSUs, onboard units and vehicle integration in 2019.

In addition, Qualcomm Technologies is working with Datang Telecom Group, a subsidiary of China Information and Communication Technologies Group Corp (CICT), to accelerate commercial deployment for LTE-V2X (also known as C-V2X across the globe) direct communication technology and applications based on 3GPP Release 14 specifications.

The companies are collaborating on demonstrations at the SAE China Congress Exhibition (SAECCE) event held this week in Shanghai.  The demos showcase Vehicle-to-Everything (V2X) and Vehicle-to-Infrastructure (V2I) use cases.

In August, Qualcomm Technologies and Datang announced they had successfully completed the world’s first chipset interoperability test utilizing the Qualcomm 9150 C-V2X chipset solution and CICT’s LTE-V2X module, the DMD31.

“The administrative regulation on using 5905-5925 MHz for direct communication among connected vehicles was announced on October 21 and marks the accelerated development of the intelligent, connected car industry,” said Dr. Yingmin Wang, chief engineer of Datang Telecom Group, a subsidiary of China Information and Communications Technology Group Corporation. “As an industry leader of Internet of Vehicles communications, Datang looks forward in continuing to work with Qualcomm Technologies to ensure the successful commercial deployment of V2X technologies domestically and globally, as well as further drive the evolution of LTE-V2X technology to 5G.”

Tuesday, October 16, 2018

Qualcomm intros 60GHz Wi-Fi chipsets, supports Facebook's Terragraph

Qualcomm introduced a family of 60GHz Wi-Fi chipsets, delivering 10+ Gbps network speeds and wire-equivalent latency.

The 60GHz Wi-Fi portfolio (QCA64x8 and QCA64x1) support 60GHz Wi-Fi Sensing applications like proximity and presence detection, gesture recognitions, room mapping with precise location and improved facial feature detection.

Qualcomm notes that it is the first-to-market with a 60GHz Wi-Fi solution with optimizations based on the 802.11ay specification, enabling best-in-class 60GHz Wi-Fi speeds. The devices also set a new low-power benchmark for extended device battery life.

“mmWave holds enormous potential to support a new class of user experiences, and Qualcomm Technologies is leading the charge with both its Qualcomm Snapdragon™ X50 5G NR modem family and unlicensed 60GHz Wi-Fi mmWave solution,” said Rahul Patel, senior vice president and general manager, connectivity and networking, Qualcomm Technologies, Inc. “Our 11ay solutions were developed with the flexibility to support a broad ecosystem of smartphone, router or fixed wireless access platforms and provides the industry with the critical building blocks needed to take connectivity performance to the next level.”

Qualcomm’s family of 11ay 60GHz Wi-Fi chipsets includes QCA6438 and QCA6428 for infrastructure and fixed wireless access, and the QCA6421 and QCA6431 for mobile applications.

Qualcomm is working with Facebook to deliver high-speed internet connectivity with Facebook’s Terragraph technology through the development of a multi-node wireless system based on the QCA6438 and QCA6428 chipsets.

http://www.qualcomm.com

Thursday, September 13, 2018

Qualcomm kicks off $16 Billion accelerated share buyback

Qualcomm entered into accelerated share repurchase agreements (ASR Agreements) with each of Bank of America, N.A., Citibank, N.A. and Morgan Stanley & Co. LLC to repurchase an aggregate of $16 billion of Qualcomm’s common stock, with an initial delivery to Qualcomm of approximately 178 million shares in the aggregate.

The final number of shares to be repurchased will be based on the volume-weighted average price of Qualcomm’s common stock during the term of the transaction, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR Agreements. Qualcomm is funding the accelerated share repurchase with existing cash resources.

“We are pleased to initiate this significant accelerated share repurchase as we continue to execute on our previously announced $30 billion stock repurchase program,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We remain on track to complete a large majority of the announced program by the end of fiscal 2019. The Board and the management team remain committed to returning capital to stockholders while we also continue to invest to create longer term stockholder value.”

Thursday, September 6, 2018

Qualcomm and Ericsson test 5G-NR over 39 GHz

Qualcomm and Ericsson successfully completed a 3GPP Rel-15 spec compliant 5G NR call on a smartphone form factor mobile test device.

The over-the-air (OTA) call was performed using millimeter wave (mmWave) in the 39 GHz band of spectrum using NSA (Non-Standalone) mode. It utilized Ericsson's commercial 5G NR radio AIR 5331 and baseband products and a mobile test device with integrated Qualcomm Snapdragon X50 5G modem and RF subsystem in the Ericsson Lab in Kista, Sweden.

“Mobilizing mmWave for the smartphone has been seen by many as an impossible challenge, but this demonstration validates that we are on track to bring groundbreaking 5G mmWave experiences to consumers,” says Cristiano Amon, President, Qualcomm Incorporated. “This successful lab call is a testament to our continued innovation and collaboration with Ericsson, and we look forward to further industry-leading milestones with them as we progress to 5G commercialization of networks and mobile devices in early 2019.”


Wednesday, August 22, 2018

Qualcomm samples 5G SoC for mobile phones on 7nm silicon

Qualcomm confirmed that its upcoming 5G system-on-chip (SoC) will be implemented on a 7nm process node.

The 7nm SoC can be paired with the Qualcomm Snapdragon X50 5G modem for premium tier smartphones and other mobile devices.

Qualcomm Technologies has begun sampling of its upcoming flagship mobile platform to multiple OEMs developing next-generation consumer devices.

“We are very pleased to be working with OEMs, operators, infrastructure vendors, and standards bodies across the world, and are on track to help launch the first 5G mobile hotspots by the end of 2018, and smartphones using our next-generation mobile platform in the first half of 2019,” said Cristiano Amon, president, Qualcomm Incorporated. “Qualcomm Technologies’ continued leadership in research and engineering allows for a future of increased innovation across multiple sectors as 5G connectivity becomes ubiquitous.”



Qualcomm delivers 5G NR mmWave antenna modules

Qualcomm Technologies has begun sampling fully-integrated 5G NR millimeter wave (mmWave) and sub-6 GHz RF modules for smartphones and other mobile devices.

The Qualcomm QTM052 mmWave antenna module family and the Qualcomm QPM56xx sub-6 GHz RF module family pair with the Qualcomm Snapdragon X50 5G modem to deliver modem-to-antenna capabilities across several spectrum bands, in a compact footprint that is suited for integration in mobile devices.

“Today’s announcement of the first commercial 5G NR mmWave antenna modules and sub-6 GHz RF modules for smartphones and other mobile devices represents a major milestone for the mobile industry. Qualcomm Technologies’ early investment in 5G has allowed us to deliver to the industry a working mobile mmWave solution that was previously thought unattainable, as well as a fully-integrated sub-6 GHz RF solution. Now, these type of modem-to-antenna solutions, spanning both mmWave and sub-6 spectrum bands, make mobile 5G networks and devices, especially smartphones, ready for large scale commercialization,” said Cristiano Amon, President, Qualcomm Incorporated. “With 5G, consumers can expect gigabit-class Internet speeds with unprecedented responsiveness in the palm of their hands, which stand to revolutionize the mobile experience.”

About the modules

  • The QTM052 mmWave antenna modules work with the Snapdragon X50 5G modem. They support advanced beam forming, beam steering, and beam tracking technologies to improve the range and reliability of mmWave signals. They feature an integrated 5G NR radio transceiver, power management IC, RF front-end components and phased antenna array. They support up to 800 MHz of bandwidth in the 26.5-29.5 GHz (n257), as well as the entire 27.5-28.35 GHz (n261) and 37-40 GHz (n260) mmWave bands.  Qualcomm says that up to QTM052 modules can be integrated in a smartphone, enabling OEMs to continue evolving the industrial design of their mobile devices, offering attractive form factors combined with the benefits of extremely high speeds from mmWave 5G NR, and making such devices available for launch as early as the first half of 2019. 
  • The QPM56xx RF module family (including the QPM5650, QPM5651, QDM5650, and QDM5652) is designed to allow smartphones based on the Snapdragon X50 5G modem to support 5G NR in sub-6 GHz RF bands. The QPM5650 and QPM5651 feature integrated 5G NR PA/LNA/Switch and filtering subsystem. The QDM5650 and QDM5652 feature integrated 5G NR LNA/switch and filtering subsystem for diversity and MIMO support. All four modules offer integrated SRS switching required for optimum massive MIMO applications and support for 3.3-4.2 GHz (n77), 3.3-3.8 GHz (n78) and 4.4-5.0 GHz (n79) sub-6 bands. These sub-6 GHz RF modules provide mobile device makers with a viable path to delivering on the promise of 5G NR massive MIMO technology in mobile devices.

Qualcomm and China's Datang test multi-vendor C-V2X interoperability

Qualcomm and the Datang Telecom Group, also known as China Academy of Telecommunications Technology (CATT), have conducted a multi-chipset vendor interoperability test of 3rd Generation Partnership Project (3GPP) Release 14 C-V2X direct communications (PC5) Mode 4, which is also referred to as LTE-V2X.

The cross-chipset interoperability test, which was held at Qualcomm Wireless Communication Technologies's Beijing lab, utilized the Qualcomm 9150 C-V2X chipset and Datang’s LTE-V2X module, the DMD31.

Qualcomm said the testing reflects the maturing state of C-V2X radio technology and applications to improve automotive safety, automated driving, and traffic efficiency. 

C-V2X is based on the global 3GPP Release 14 specifications for PC5-based direct communications in the 5.9 GHz ITS spectrum where vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) messages for collision avoidance can be sent without any dependency on cellular operator network involvement.  Qualcomm notes that C-V2X is also the only V2X communication technology with an ongoing evolution designed to offer forward compatibility in implementation with 5G NR C-V2X.

Wednesday, July 25, 2018

Qualcomm drops NXP acquisition, announces $30B buyback

Having failed to gain regulatory approval from China, Qualcomm abandoned plans to acquire NXP Semiconductor. The original purchase agreement was announced on October 27, 2016. Qualcomm subsequently raised its offer to approximately US$44 billion. The deal gained regulatory approval in the U.S., the European Union, and other regions, however, the authorities in China expressed concern over the effect on competition and ultimately neither approved nor blocked the deal.

Separately, Qualcomm reported revenue of $5.6 billion for its fiscal third quarter ended June 24, 2018.

“We reported results significantly above our prior expectations for our fiscal third quarter, driven by solid execution across the company, including very strong results in our licensing business,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We intend to terminate our purchase agreement to acquire NXP when the agreement expires at the end of the day today, pending any new material developments. In addition, as previously indicated, upon termination of the agreement, we intend to pursue a stock repurchase program of up to $30 billion to deliver significant value to our stockholders.”

Qualcomm said that its results have been negatively impacted by its dispute with Apple and its contract manufacturers (who are Qualcomm licensees).

The company did not record revenues in the first nine months of fiscal 2018 or the third or fourth quarter of fiscal 2017 for royalties due on sales of Apple’s products. We expect the actions taken by these companies will continue until these disputes are resolved.

Qualcomm to Acquire NXP -- Engines for the Connected World

Qualcomm agreed to acquire all of the issued and outstanding shares of NXP for $110.00 per share in cash, representing a total enterprise value of approximately $47 billion. The deal will be financed through cash on hand and $11 billion in new debt. The companies expect total annualized synergies of $500 million within two years of close.

NXP Semiconductors N.V., which headquartered in Eindhoven, Netherlands, employs approximately 45,000 people in more than 35 countries and is known for its mixed-signal semiconductor electronics. The company was known as Philips Semiconductor prior to 2006.

Key markets include automotive, broad-based microcontrollers, secure identification, network processing and RF power. NXP has a broad customer base, serving more than 25,000 customers through its direct sales channel and global network of distribution channel partners.

For Q3 2016, NXP reported revenue of $2.469 billion, up 4.4% over a year ago, and GAAP gross profit of $1.184 billion, up 7.7% over a year ago.

The combined company is expected to have annual revenues of more than $30 billion, serviceable addressable markets of $138 billion in 2020 and leadership positions across mobile, automotive, IoT, security, RF and networking.

Monday, July 23, 2018

Qualcomm delivers 5G NR mmWave antenna modules

Qualcomm Technologies has begun sampling fully-integrated 5G NR millimeter wave (mmWave) and sub-6 GHz RF modules for smartphones and other mobile devices.

The Qualcomm QTM052 mmWave antenna module family and the Qualcomm QPM56xx sub-6 GHz RF module family pair with the Qualcomm Snapdragon X50 5G modem to deliver modem-to-antenna capabilities across several spectrum bands, in a compact footprint that is suited for integration in mobile devices.

“Today’s announcement of the first commercial 5G NR mmWave antenna modules and sub-6 GHz RF modules for smartphones and other mobile devices represents a major milestone for the mobile industry. Qualcomm Technologies’ early investment in 5G has allowed us to deliver to the industry a working mobile mmWave solution that was previously thought unattainable, as well as a fully-integrated sub-6 GHz RF solution. Now, these type of modem-to-antenna solutions, spanning both mmWave and sub-6 spectrum bands, make mobile 5G networks and devices, especially smartphones, ready for large scale commercialization,” said Cristiano Amon, President, Qualcomm Incorporated. “With 5G, consumers can expect gigabit-class Internet speeds with unprecedented responsiveness in the palm of their hands, which stand to revolutionize the mobile experience.”

About the modules

  • The QTM052 mmWave antenna modules work with the Snapdragon X50 5G modem. They support advanced beam forming, beam steering, and beam tracking technologies to improve the range and reliability of mmWave signals. They feature an integrated 5G NR radio transceiver, power management IC, RF front-end components and phased antenna array. They support up to 800 MHz of bandwidth in the 26.5-29.5 GHz (n257), as well as the entire 27.5-28.35 GHz (n261) and 37-40 GHz (n260) mmWave bands.  Qualcomm says that up to QTM052 modules can be integrated in a smartphone, enabling OEMs to continue evolving the industrial design of their mobile devices, offering attractive form factors combined with the benefits of extremely high speeds from mmWave 5G NR, and making such devices available for launch as early as the first half of 2019. 
  • The QPM56xx RF module family (including the QPM5650, QPM5651, QDM5650, and QDM5652) is designed to allow smartphones based on the Snapdragon X50 5G modem to support 5G NR in sub-6 GHz RF bands. The QPM5650 and QPM5651 feature integrated 5G NR PA/LNA/Switch and filtering subsystem. The QDM5650 and QDM5652 feature integrated 5G NR LNA/switch and filtering subsystem for diversity and MIMO support. All four modules offer integrated SRS switching required for optimum massive MIMO applications and support for 3.3-4.2 GHz (n77), 3.3-3.8 GHz (n78) and 4.4-5.0 GHz (n79) sub-6 bands. These sub-6 GHz RF modules provide mobile device makers with a viable path to delivering on the promise of 5G NR massive MIMO technology in mobile devices.


Wednesday, June 27, 2018

Qualcomm and Gizwits target field upgrades to LTE IoT

Qualcomm is working with Gizwits, a global leader in Internet of Things (IoT) development platforms, to deliver the world's first commercial 2G cellular modules with field upgrades to LTE IoT (eMTC/Cat-M1 and NB-IoT/Cat-NB1).

The Quectel BG36 module –aimed to be compatible with China Mobile's network and manufactured by Quectel based on the Qualcomm MDM9206 LTE IoT modem– will be powered by the Gizwits IoT cloud services and designed to help developers, device manufacturers and service providers to create economical 2G solutions, which are also designed to be flexible and long-lasting by supporting future over-the-air activation of NB-IoT and eMTC as the cellular ecosystem transitions toward the latest LTE IoT standards.

“The expansion of the IoT depends on the ecosystem’s ability to deliver vast amounts of solutions featuring edge intelligence and flexible connectivity that stays current through the device life,” said Serge Willenegger, senior vice president and general manager, 4G/5G and Industrial IoT, Qualcomm Technologies, Inc. “We are grateful of the opportunity to work with Gizwits, China Mobile Shandong Branch and Quectel. Our focus is to offer the technology solutions that the IoT ecosystem requires to grow, helping manufacturers and solution providers connect and manage massive amounts of devices in a trusted, security-rich and scalable manner. This is the vision behind our Qualcomm wireless edge services.”

Wednesday, June 6, 2018

Paul Jacobs sets up a new company to pursue next-gen mobile

Paul Jacobs, the former CEO and executive chairman of Qualcomm, has founded a new company called XCOM to focus on next-generation mobile technologies.

Jacobs is joined in the effort by Derek Aberle, previously president of Qualcomm from March 2014 to January 2018, and Matt Grob, previously CTO of Qualcomm from 2011 to 2017.

https://xcom-tech.com

Monday, June 4, 2018

Qualcomm announces Snapdragon 850 for Windows 10 PCs

Qualcomm announced a joint effort with Samsung Electronics to integrate its Snapdragon 850 Mobile Compute Platform, featuring the Snapdragon X20 and Qualcomm AI Engine, in a future device.
The Snapdragon 850 Mobile Compute Platform leverages 10nm technology to allow for sleeker and more portable, fanless designs for mobile customers, compared to current 14nm solutions. The processor offers advanced graphics and high-quality audio, enabling a Windows 10 experience/

Windows 10 devices powered by the Snapdragon Mobile Compute Platform are expected to be available in retail later this year.

https://www.qualcomm.com/products/snapdragon


Monday, May 21, 2018

Qualcomm intros 5G NR for Small Cells and Remote Radio Heads

Qualcomm introduced the first 5G NR solution for small cells and remote radio head deployments. The new device (FSM100xx), which builds on Qualcomm's FSM Platform for 3G and 4G small cells, support 5G NR in both mmWave and sub-6 GHz spectrum.

Qualcomm said its 5G NR solutions allows OEMs to reuse both software and hardware designs across sub-6 and mmWave products, supporting high-bandwidth and robust coverage for mobile subscribers around the globe. Given the propagation characteristics of 5G NR’s higher frequencies (especially mmWave), solutions are needed to support delivery of uniform 5G experiences, especially indoors where most data is consumed.

The FSM100xx solution scales to address outdoor small cell performance requirements such as support for MIMO implementation and multi-gigabit throughput, as well as support indoor requirements such as compact form factor and power over Ethernet (PoE) support. It also includes a software-defined modem, designed to facilitate OEMs to readily upgrade their devices to comply with future 3GPP releases. Additionally, this 5G NR solution supports various options for interface splits between central unit (CU) and remote radio head, providing OEMs and operators with the flexibility to use a 5G radio access network architecture that best fits their needs, such as a virtualized 5G architecture that is designed to deliver scalability through the cloud or a more distributed architecture to ease fronthaul requirements.

“Qualcomm Technologies is leading the world to 5G by providing this 5G NR small cell solution to support 5G NR in both sub-6Hz and mmWave spectrum,” said Irvind Ghai, vice president, product management, Qualcomm Atheros, Inc., a subsidiary of Qualcomm Technologies, Inc. “With small cells expected to play a critical role in 5G networks, we are happy to announce our highly flexible FSM100xx solution capable of supporting a wide range of use case and deployment models, and to support our customers to deliver on the promise of 5G.”

Thursday, April 19, 2018

Chinese regulators express concern over Qualcomm + NXP

China's Ministry of Commerce is expressing market consolidation concerns over Qualcomm's pending acquisition of NXP Semiconductor and its operations in China. The Ministry will require Qualcomm to resubmit its antitrust application with additional information.


  • NXP Semiconductors N.V., which headquartered in Eindhoven, Netherlands, employs approximately 45,000 people in more than 35 countries and is known for its mixed-signal semiconductor electronics. The company was known as Philips Semiconductor prior to 2006.  Key markets include automotive, broad-based microcontrollers, secure identification, network processing and RF power. NXP has a broad customer base, serving more than 25,000 customers through its direct sales channel and global network of distribution channel partners.

Friday, April 6, 2018

Qualcomm continues to extend cash tender for NXP shares

Qualcomm once again extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors N.V.

With the extension, the tender offer is now scheduled to expire at 5:00 p.m., New York City time, on April 13, 2018, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement.

The original purchase agreement was announced on October 27, 2016.

Friday, March 23, 2018

Qualcomm's Board is Reelected

Qualcomm announced that all 10 of its Director nominees have been re-elected to the Qualcomm Board of Directors: Barbara T. Alexander, Jeffrey W. Henderson, Thomas W. Horton, Ann M. Livermore, Harish Manwani, Mark D. McLaughlin, Steve Mollenkopf, Clark T. “Sandy” Randt, Jr., Francisco Ros, and Anthony J. Vinciquerra.

Qualcomm Board will not renominate Paul Jacobs


Qualcomm's Board of Directors will not renominate Dr. Paul Jacobs as a director. The decision was taken after Jabos informed the Board that he is exploring the possibility of making a proposal to acquire Qualcomm. Dr. Jacobs relinquished his role as Executive Chairman of the Qualcomm Board of Directors last week, days prior to President's decision to block Broadcom's proposed acquisitio...


Friday, March 16, 2018

Qualcomm Board will not renominate Paul Jacobs

Qualcomm's Board of Directors will not renominate Dr. Paul Jacobs as a director. The decision was taken after Jabos informed the Board that he is exploring the possibility of making a proposal to acquire Qualcomm.

Dr. Jacobs relinquished his role as Executive Chairman of the Qualcomm Board of Directors last week, days prior to President's decision to block Broadcom's proposed acquisition.

Tuesday, March 13, 2018

First 802.11ax Home Gateway ready for 6.5 Gbps Wi-Fi and 10G WAN

Qualcomm, KDDI, and NEC announced the shipment of the first draft 802.11ax home gateway product.

The unit, which is based on Qualcomm’s IPQ8072 family of 802.11ax chipsets and designed by NEC Platforms, envisions powerful home Wi-Fi networks capable of supporting bandwidth-hungry applications like video streaming services, and 4K/8K video and VR.


Qualcomm’s 802.11ax chipset can support up to 10 Gbps wide-area networks and up to 6.5 Gbps peak physical (PHY) layer rates on Wi-Fi. The 14 nanometer Wi-Fi system on chip (SoC) features advanced 8x8 sounding. Its MU-MIMO allows multiple users to be simultaneously connected to an access point.

“Qualcomm has been leading the market in the development of innovative 11ax solutions that solve consumers’ most pressing demands for better Wi-Fi and advanced user experiences,” said Rahul Patel, senior vice president and general manager, connectivity and networking, Qualcomm Technologies, Inc. “Our 802.11ax solution is a testament to that innovation, powering the world’s first carrier-class home getaway with the industry’s highest performing 802.11ax chipset. As KDDI and NEC Platforms continue to push boundaries with this powerful solution, we are thrilled to be partnering with them to revolutionize Wi-Fi connectivity and deliver unmatched performance to their customers.”

Friday, March 9, 2018

Paul Jacobs relinquishes executive chairmanship of Qualcomm

Dr. Paul E. Jacobs will no longer serve as Executive Chairman of the Qualcomm Board of Directors. Jeffrey W. Henderson, an independent Qualcomm director since 2016, will serve as Non-Executive Chairman.

Dr. Jacobs will continue to serve on the Qualcomm Board, but will no longer serve in an executive management capacity.

Qualcomm said its Board believes that an independent Chairman is now more appropriate than an Executive Chairman.

Dr. Jacobs has served as Chairman of the Board of Qualcomm since 2009, as Executive Chairman since 2014 and as a director since 2005. He served as Chief Executive Officer from 2005 to 2014, Group President of Qualcomm Wireless & Internet from 2001 to 2005, and as an executive vice president from 2000 to 2005.

Tom Horton, Lead Director, said, “On behalf of the entire Board, I want to thank Paul for his tireless dedication to Qualcomm over many years. Paul is a technology visionary whose ideas and inventions have contributed significantly to the growth of both the Company and the industry. Paul has led the development of generations of semiconductors that have fueled smart phones and the worldwide wireless revolution of the past 30 years. His deep expertise, coupled with a focus on innovation, have made Qualcomm a leader in critical technologies and positioned us at the forefront of the industry. We are grateful to have Paul’s continued contributions as a member of the Board. His extensive knowledge of our business, products, strategic relationships and opportunities, as well as the rapidly evolving technologies and competitive environment in our industry, are invaluable to our Board.”

Mr. Henderson served as Chief Financial Officer of Cardinal Health Inc. from 2005 to 2014. Prior to joining Cardinal Health, Mr. Henderson held management positions at Eli Lilly and General Motors, including serving as President and General Manager of Eli Lilly Canada, Controller and Treasurer of Eli Lilly Inc., and in management positions with General Motors in Great Britain, Singapore, Canada and the U.S.

Qualcomm once again extends tender offer for NXP

On Friday, March 9, Qualcomm once again extended its cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors. This offer extends through close of business on  March 16, 2018.

The acquisition was originally announced on October 27, 2016.

NXP Semiconductors N.V., which headquartered in Eindhoven, Netherlands, employs approximately 45,000 people in more than 35 countries and is known for its mixed-signal semiconductor electronics. The company was known as Philips Semiconductor prior to 2006.

Thursday, March 8, 2018

Qualcomm boosts its dividend by 9%

Qualcomm's Board of Directors announced a 9 percent increase in the company's quarterly cash dividend. The quarterly cash dividend will increase from $0.57 to $0.62 per share of common stock and will be effective for quarterly dividends payable after March 21, 2018. This dividend increase will raise the annualized dividend payout to $2.48 per share of common stock.

Steve Mollenkopf, CEO of Qualcomm Incorporated, said, "We are pleased to announce an increase in our quarterly dividend, a reflection of our commitment to returning capital to stockholders. We look forward to closing the pending acquisition of NXP and expect the strong combined cash profile of Qualcomm and NXP to further strengthen our foundation for future capital returns for our stockholders."

See also