Qualcomm

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What is Qualcomm?

Qualcomm is a California-based American public multinational corporation that creates intellectual property, semiconductors, software, and wireless technology services. It has three segments, Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The company produces hardware and software for vehicles, watches, laptops, wi-fi, smartphones, and other devices. The QTL segment focuses on granting licenses and providing rights to use its intellectual properties. The QSI segment aims to open new or expanding opportunities for the company’s technologies and supporting the design and introducing products. The QCT segment works on the development of integrated circuits and software to use in voice and data communications, networking.

Qualcomm was established by Irwin M. Jacobs and six former Linkabit employees, Franklin P. Antonio, Adelia A. Coffman, Andrew Cohen, Klein Gilhousen, Andrew J. Viterbi, and Harvey P. White in San Diego. Their purpose of creating “quality communications” is shortened and became the company’s name. Three years later, the company merged with Omninet and raised $3.5 million in funding. Qualcomm had $32 million in revenues in 1989. The company laid off 700 employees and decided to restructure itself. A decade later, in 2000, the company had $3.2 billion in revenues and had 6,300 employees. In 2005, Qualcomm’s founders Dr. Irwin Jacobs’ son, Paul E. Jacobs became the CEO of the company.

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