Qualcomm Inc Stock Price, News & Analysis

Qualcomm announced the outcomes of its WEAVE project, which supported over 12,000 women entrepreneurs in Indonesia and Vietnam from May 2020 to November 2021. The initiative provided mobile learning and training programs, enhancing business skills and confidence among participants. Key programs included HerVenture, an app for business skills; Road to Growth, an online management training; and Mentoring Women in Business for professional mentoring. The project aims to empower women and foster entrepreneurship across the region, reflecting Qualcomm's commitment to social responsibility.

Qualcomm's 2022 Corporate Responsibility Report emphasizes the company's commitment to purposeful innovation in addressing global challenges through technology. The report outlines three strategic focus areas: Empowering Digital Transformation, which aims to improve industries and individual lives; Acting Responsibly, highlighting governance and ethical practices including diversity and inclusion; and Operating Sustainably, aimed at reducing environmental impact through efficient resource management. These initiatives reflect Qualcomm's dedication to positive societal impact and sustainable operations.

Qualcomm released its 2022 Corporate Responsibility Report, highlighting its Purposeful Innovation Framework aimed at driving positive societal change through technology. The report outlines three strategic focus areas: Empowering Digital Transformation, Acting Responsibly, and Operating Sustainably. The company aims to bridge the digital divide via reliable internet access, enhance diversity with increased representation of women and underrepresented minorities in leadership, and achieve net-zero emissions by 2040. Additionally, Qualcomm was recognized in the Fortune Change the World list and ranked highly in ESG performance.

Qualcomm has expanded its collaboration with the Cherie Blair Foundation for Women to enhance women's entrepreneurship in Asia through the Mentoring Women in Business and HerVenture mobile application. Initially launched in Vietnam in 2018, HerVenture aims to provide essential resources to women entrepreneurs. Building on this success, the collaboration introduced the Road to Growth program in Vietnam and Indonesia in 2020. This partnership highlights Qualcomm's commitment to leveraging technology for developmental impact.

Adobe announced a collaboration with Qualcomm to enhance Qualcomm's digital strategy through Adobe Experience Cloud. Qualcomm will utilize Adobe's Real-Time Customer Data Platform and Creative Cloud to personalize customer experiences and boost B2B marketing efforts. This partnership will allow Qualcomm to improve customer engagement across various sectors, including mobile and IoT. Additionally, it aims to facilitate smoother e-commerce transactions and better support for its developer community. The integration is expected to provide deeper insights into marketing performance and accelerate Qualcomm's digital transformation.

Qualcomm is proud to recognize 10 early-stage innovators as part of the 2023 Innovator Stipend Program. This initiative, in partnership with Venturewell, aims to advance equity in innovation and entrepreneurship. Following a successful pilot year, Qualcomm continues to support this program, which is part of its broader commitment to promoting equitable opportunities in technology and business. The 2023 stipends are designed to provide financial support to promising innovators, further enhancing industry growth and development.

Qualcomm announces the selection of 43 youth as part of its 2023 Flight Crew through the Million Girls Moonshot initiative. This program aims to advance equity for girls in STEM fields, with members aged 13-18 from 37 states. The selected youth, who have engaged in enriching STEM experiences, will share their inspiring stories to challenge stereotypes and encourage their peers to explore STEM opportunities. This initiative focuses on empowering young women and promoting diversity in technology and engineering.

Qualcomm highlights the success story of Van Pham, founder of Emmay, a Vietnamese startup specializing in plant protein derived from mushrooms. Utilizing the HerVenture app, Pham improved business planning and expanded her operations. Her efforts led to the establishment of a digital marketing and sales team, which significantly boosted revenue and enhanced brand recognition for her company. Emmay offers a variety of mushroom-based products, including snacks and sauces, and is paving the way in the plant protein industry.

Qualcomm highlights the success of Mai Thi Le Quyen, a lawyer turned entrepreneur in Vietnam, who utilized their HerVenture app to enhance her business acumen. The app, designed for entrepreneurial training, offers lessons through engaging games, covering topics such as strategic planning, project management, and financial skills. Le Quyen, CEO of Finch Law, finds the app instrumental in applying SMART principles and improving her operational capabilities. Her story underscores Qualcomm's commitment to empowering women entrepreneurs and promoting entrepreneurial skills in emerging markets.