Qualcomm subsidiary Qualcomm Technologies is shipping over 1 million Internet of Things (IoT) chips per day, and hundreds of brands have shipped a total of 1.5 billion IoT products using the firm's solutions, according to a company statement. The telecommunications equipment provider believes that IoT applications could represent up to $11tn dollars in global sales by 2025. In addition to its chip business, Qualcomm's other businesses include wireless network equipment, software for mobile devices, data center networking gear and semiconductor manufacturing.
Qualcomm subsidiary Qualcomm Technologies is shipping over 1 million Internet of Things (IoT) chips per day, and hundreds of brands have shipped a total of 1.5 billion IoT products using the firm's solutions, according to a company statement. The telecommunications equipment provider believes that IoT applications could represent up to $11tn dollars in global sales by 2025. Qualcomm’s offering spans a number of products, including wearables, smart homes and industrial applications.