QUALCOMM Incorporated - QCOM STOCK NEWS

Qualcomm (NASDAQ: QCOM) has announced the schedule for its third quarter fiscal 2024 earnings release and conference call. The company will publish its financial results on Wednesday, July 31, 2024, after market close on its Investor Relations website. The earnings release will also be filed with the SEC on Form 8-K. Qualcomm will host a conference call to discuss the results on the same day, starting at 1:45 p.m. Pacific Time. The call will be broadcast live on the company's website, and an audio replay will be available online and via telephone for 30 days after the call. U.S. callers can access the replay at (877) 660-6853, while international callers should dial (201) 612-7415, using reservation number 13747430.

Qualcomm (NASDAQ: QCOM) has announced a quarterly cash dividend of $0.85 per common share. This dividend will be payable on September 26, 2024, to stockholders of record at the close of business on September 5, 2024. This announcement demonstrates Qualcomm's commitment to returning value to its shareholders through regular dividend payments.

Qualcomm's Elliott Levine envisions the future of education through generative AI and extended reality (XR). The concept of '(Ai)Daptive XR' combines AI with spatial computing to create immersive, personalized learning environments. This technology could revolutionize education by:

1. Adapting to students' current abilities and language preferences
2. Delivering true personalization based on strengths and weaknesses
3. Making learning relevant by adjusting content to students' interests
4. Providing real-time feedback and natural assessments
5. Enabling collaborative learning experiences

While K-12 education in the US is a $100+ billion industry, only 4% is invested in education technology. (Ai)Daptive XR could significantly improve academic outcomes by offering active teaching methods and addressing individual student needs.

Qualcomm Technologies announced the winners of the 2024 Qualcomm Innovation Fellowship (QIF) Europe, rewarding PhD students excelling in AI and cybersecurity. Each winner will receive $40,000 and mentorship from Qualcomm's research team. This year's winners include students from EPFL, University of Cambridge, and ETH Zurich. Notable projects involve advancements in virtual reality, confidential computing, 3D RNA design, controlled text generation, and deep learning curvature matrices. The program saw nearly 50% more submissions, highlighting the growing significance of machine learning and cybersecurity.

Qualcomm's 2023 Corporate Responsibility Report highlights significant strides in environmental management within its supply chain. All primary semiconductor manufacturing suppliers now adhere to ISO 14001-certified environmental management systems. The company uses the WRI Aqueduct™ tool to assess water risks and collaborates with suppliers to track water use and GHG emissions. Qualcomm's initiatives have led suppliers in Taiwan to increase renewable energy funding by up to 300%. The company also conducted its second climate scenario analysis (CSA) to model climate risks across its value chain.

Qualcomm's 2023 Corporate Responsibility Report emphasizes its sustainable supply chain management program. The report details the company's reliance on fabless production, working closely with primary semiconductor foundries and assembly suppliers. It underscores the adherence to the RBA Code of Conduct, which includes human rights, responsible mineral sourcing, and resource reduction. Qualcomm's risk-based approach requires annual RBA Self-Assessment Questionnaires (SAQ) from suppliers, showing all primary semiconductor suppliers as low-risk. Over the past two years, RBA VAP audits discovered 62 non-compliance issues. Qualcomm aims for 100% biennial audits of suppliers by 2025, with 88% already meeting this goal in 2023.

Qualcomm's 2023 Corporate Responsibility Report highlights their commitment to fostering innovation, supporting business-friendly policies, and advancing technology globally. They emphasize key public policy topics such as 5G, invention and IP, spectrum, privacy, immigration, and taxation. The report outlines their principles in public policy, which include participation, responsible governance, and transparency. Qualcomm's initiatives include the launch of The Inventor's Patent Academy to support diverse inventors. The company also addresses challenges in talent acquisition due to stringent immigration laws and emphasizes the need for policies that support a comprehensive 5G rollout to create significant economic impact. Additionally, Qualcomm focuses on environmental sustainability, aiming for collective action and corporate leadership.

Qualcomm's 2023 Corporate Responsibility Report emphasizes ethical governance, highlighting their commitment to integrity and compliance with global anti-corruption laws. The report outlines various initiatives, such as mandatory ethics training for all employees, a micro-learning library for on-demand education, and an Ethics Liaison program to promote a positive ethical culture globally. Qualcomm also conducted a 2023 pulse survey showing that 81% of employees feel comfortable raising ethical concerns, a 5% increase from the previous year. The company celebrated 'We Love Compliance' Week for the fifth year, enhancing engagement and participation in compliance-related activities. Overall, Qualcomm's report reflects a strong focus on ethical conduct, compliance, and continuous improvement in their corporate practices.

FIRST, a robotics community, announced its 2024-2025 season, FIRST DIVE, with Qualcomm as the presenting sponsor. The ocean-themed season encourages students to explore aquatic life through robotics. The season begins with the FIRST LEGO League challenge on August 6, followed by the FIRST Tech Challenge in September and the FIRST Robotics Competition in January, culminating in April 2025 in Houston. Qualcomm aims to inspire the next generation of innovators by supporting STEM education through this initiative.