Qualcomm Inc Stock Price, News & Analysis

Qualcomm emphasizes the importance of an effective Information Governance (IG) policy in today's digital landscape, where organizations face increased risks of cybersecurity threats. Key considerations for establishing a robust IG policy include identifying what needs protection (such as Personally Identifiable Information and Company Confidential Information), determining who can access this data, and specifying how it can be accessed. The right workflow solutions are essential for balancing security with usability, particularly for sensitive documents often contained in Microsoft Office files. Qualcomm offers solutions, including DirectOffice Document Conversion Software, that facilitate secure document handling and viewing without compromising information governance. This approach helps organizations protect sensitive data while maintaining productivity.

Qualcomm's Approach to Operational Resilience highlights its comprehensive Emergency Management and Business Resilience strategies designed to mitigate operational disruptions. Implementing leading industry standards, the program emphasizes agile decision-making and risk assessments based on over 30 environmental, operational, and man-made risks, including climate threats. This annual threat risk assessment involves collaboration with resilience leads and reporting to the Board of Directors. The Operational Resilience planning team develops recovery strategies for various incidents, ensuring critical business operations can continue during disasters. Qualcomm's approach adheres to ISO 22301, showcasing its commitment to effective business continuity management.

Qualcomm has made commitments to achieve net-zero global emissions for Scopes 1, 2, and 3 by 2040, aligning with the Science Based Targets initiative. The company has initiated several strategies, including transitioning to renewable energy through long-term Power Purchase Agreements and decarbonizing operations by replacing high global warming potential gases. Notably, a partnership with Shell Energy has reduced emissions by 25,785 tCO2e, achieving a 10% reduction in total Scope 1 and 2 emissions. Qualcomm also reduced natural gas use by 50% at its German facility. The company has implemented an internal carbon price to encourage low-carbon innovation, furthering its sustainability initiatives.

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.