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The US semiconductor giant with a market value of US$156 billion has forgotten merger dramas and legal disputes. The company now makes more money from producing chips than it earns from royalties. Qualcomm is riding the 5G wave, but the new boss Cristiano Amon is also looking at transaction-driven growth.
Qualcomm announced on November 3 that its revenue for the fiscal year ended September was 33.6 billion U.S. dollars, a year-on-year increase of approximately 43%. Refinitiv's data shows that analysts had previously predicted that it was 33 billion U.S. dollars. The pre-tax profit of Qualcomm's chip and software division was US$7.8 billion, surpassing the US$4.6 billion of its authorized division, the first time in more than 20 years.
In June, Cristiano Amon, the former head of Qualcomm's chip division and then president of the company, took over as CEO. He replaced Steve Mollenkopf, who has led Qualcomm since 2014.
Qualcomm agreed last month with investment group SSW Partners to acquire automotive technology company Veoneer for US$4.5 billion. The deal came after the $1.4 billion acquisition of Nuvia in January, which is a semiconductor company at the helm of engineers who helped Apple design chips for smartphones.
On September 4, 2021, during the 2021 China International Trade in Services Fair (CIFTIS) in Beijing, China, a woman walked past the counter where the mobile phone was displayed on the Qualcomm booth.
Qualcomm announced on November 3 that its revenue for the fiscal year ended September was 33.6 billion U.S. dollars, a year-on-year increase of approximately 43%. Refinitiv's data shows that analysts had previously predicted that it was 33 billion U.S. dollars. The pre-tax profit of Qualcomm's chip and software division was US$7.8 billion, surpassing the US$4.6 billion of its authorized division, the first time in more than 20 years.
In June, Cristiano Amon, the former head of Qualcomm's chip division and then president of the company, took over as CEO. He replaced Steve Mollenkopf, who has led Qualcomm since 2014.
Qualcomm agreed last month with investment group SSW Partners to acquire automotive technology company Veoneer for US$4.5 billion. The deal came after the $1.4 billion acquisition of Nuvia in January, which is a semiconductor company at the helm of engineers who helped Apple design chips for smartphones.
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