Qualcomm Inc Stock Price, News & Analysis

Qualcomm commissioned a study from The University of Kaiserslautern-Landau (RTPU) highlighting the potential of connected vehicles to reduce CO₂ emissions from road travel. The study suggests that implementing connected vehicles in EU cities could lower emissions by up to 18%, with some countries like Germany achieving reductions of 24%. Additionally, the presence of connected vehicles could save drivers up to 15 hours of travel time each year during peak hours. This research underscores the role of technology in enhancing transportation efficiency, aligning with the EU Green Deal's goal of a 90% reduction in transport-related emissions by 2050. Qualcomm's Snapdragon Digital Chassis is pivotal in driving these innovations.

Qualcomm announced its expansion of ISO 50001 certification to manufacturing facilities in Singapore and Wuxi as part of its commitment to energy efficiency. This certification signifies the company’s dedication to implementing effective energy management systems. ISO 50001 promotes the adoption of energy-efficient technologies, best practices in energy management, and ongoing improvements in energy processes. In addition, Qualcomm’s German facility has joined a network organized by FfE, allowing the exchange of best practices among industry peers. The company has implemented over 50 energy savings projects, achieving more than 10,000 MWh in energy savings through various upgrades, including infrastructure improvements and technical enhancements.

Qualcomm has emphasized its commitment to sustainability through its 2022 Corporate Responsibility Report. The company focuses on effective waste management by identifying waste-generating processes and implementing strategies to minimize and recycle waste. Key initiatives include:

• Eliminating waste at the source
• Maximizing recycling efforts
• Utilizing less toxic and reusable materials

Qualcomm actively engages in recycling and food composting programs to reduce landfill waste at major sites.

The company also prioritizes efficient energy use in its IT infrastructure, employing measures such as powering down devices and optimizing data centers. Qualcomm’s partnerships with waste management vendors are aimed at enhancing sustainability and ensuring compliance with disposal standards, particularly for hazardous wastes.

Qualcomm is taking significant steps to manage its water resources effectively, particularly in California where water scarcity is a critical issue. According to its 2022 Corporate Responsibility Report, Qualcomm has reduced its freshwater dependency by 51% at its San Diego headquarters from 2016 to 2022 by expanding its recycled water system. The company conducts water audits at its manufacturing facilities to identify best practices and has introduced an internal pricing mechanism to encourage cost-effective water usage. In Singapore, over 200,000 m3 of water savings were achieved through various projects in 2022, including upgrades to water supply systems, indicating Qualcomm's commitment to sustainability and efficient resource management.

Qualcomm (NASDAQ: QCOM) announced that it will release its financial results for the second quarter of fiscal 2023 on May 3, 2023, after market close. The earnings will be available on the Company's Investor Relations website and submitted to the Securities and Exchange Commission (SEC) via a Form 8-K. Qualcomm will also host a conference call to discuss these results, starting at 1:45 p.m. PT on the same day, which will be streamed live on its investor website. An audio replay will be accessible for 30 days. Qualcomm continues to focus on connecting everything intelligently and enhancing various technologies, including advanced connectivity and low-power computing.

Qualcomm Incorporated (NASDAQ: QCOM) has announced a quarterly cash dividend of $0.80 per common share, set to be paid on June 22, 2023. This payment will be issued to stockholders recorded by the close of business on June 1, 2023. The company continues to focus on advancing connectivity and technology for the next generation of devices, enhancing the digital economy. Qualcomm operates primarily through its licensing business and semiconductor divisions, which are integral to its innovation strategy.

Qualcomm has unveiled significant advancements in optimizing AI workloads for edge devices like smartphones and PCs, aiming to enhance reliability, latency, privacy, and cost. The company showcased the world’s first Stable Diffusion model running on an Android phone. Recent research compares FP8 and INT8 formats for neural networks. Findings indicate that the INT8 format is superior in terms of cost and performance, with FP8 being less efficient due to additional hardware requirements. The study emphasizes that while FP8 may improve training processes, INT8 remains the best option for efficient AI inference. Qualcomm also introduced the AI Model Efficiency Toolkit (AIMET) to facilitate better implementation of AI on devices.

Qualcomm highlighted the importance of digital transformation during the recent forum in Davos, emphasizing that it must benefit all stakeholders.

Angela Baker, Qualcomm's Chief Sustainability Officer, underscored the necessity for organizations to adopt swift and large-scale transformations, focusing on both human and environmental factors.

The forum saw a record attendance of sustainability officers and featured discussions on prioritizing humanity in a digital world. As Qualcomm leads in 5G technology, the company remains committed to integrating sustainability within digital advancements.

NORTHAMPTON, MA / ACCESSWIRE / March 23, 2023 / Qualcomm highlights the achievements of engineer Dr. Kelly Tchambake, who has secured three patents and is pivotal in developing an innovative analog-to-digital converter for audio applications. Tchambake, inspired by her father's engineering background, focused on mobile technology efficiencies. At Qualcomm, she collaborates in a diverse team environment that fosters innovation and creativity. Her journey emphasizes resilience and purpose, encouraging underrepresented inventors. Qualcomm's culture promotes collaboration and support for new ideas, enhancing product quality in consumer electronics.