Qualcomm Incorporated (NASDAQ: QCOM) through its subsidiary, Qualcomm Technologies, Inc., today announced at its Internet of Things (IoT) industry analyst workshop that the Company is currently shipping more than 1 million chips per day for the IoT*. This momentum reflects Qualcomm Technologies’ unique ability to invent and deliver the technologies needed for the IoT, and to meet challenging customer requirements for interoperability, connectivity, compute and security. The Company uses its technical expertise to design platforms that help customers commercialize IoT products quickly and cost-effectively in areas including wearables, voice and music, connected cameras, robotics and drones, home control and automation, home entertainment, and commercial and industrial IoT. “We are focused on significantly expanding capabilities at the edge of the network by supporting everyday objects with the connectivity, compute and security technologies required to build a powerful Internet of Things, where devices are smart, convenient, work well together and incorporate advanced security features,” said Raj Talluri, senior vice president, product management, IoT, Qualcomm Technologies, Inc. “While hundreds of brands have shipped over 1.5 billion IoT products using our solutions, we are just getting a glimpse of the benefits that the IoT can deliver, with analysts estimating that IoT applications could have a total economic impact of up to 11 trillion dollars a year by 2025. We have built strong capabilities on top of our leadership in mobile inventions, and we are innovating in exciting new areas such as deep learning, voice interface and LTE IoT that will power a new generation of IoT devices.” Qualcomm Technologies’ traction in IoT spans across a variety of ecosystems. For instance, the Company's wearables platforms have been adopted in more than 150 wearable designs, and over 80 percent of Android Wear™ smartwatches launched or announced are based on Snapdragon Wear 2100. In smart homes, more than 125 million TVs, home entertainment and other connected home products from leading brands have shipped using Qualcomm Technologies’ connectivity chips. For commercial and industrial IoT applications, over 30 designs are using the Company’s MDM9206 modem with multimode support for LTE categories M1 and NB1, E-GPRS and global RF bands. MDM9206 is purposely developed for IoT applications and is commercially available today. To address this wide variety of ecosystems, form factors and requirements in the IoT, Qualcomm Technologies offers one of the broadest portfolios of chips and platforms, including mobile, multimedia, cellular, Wi-Fi and Bluetooth system-on-chips. These solutions include comprehensive software with platform-specific applications and APIs, as well as support for multiple communication protocols, operating systems and cloud services. To further help manufacturers develop IoT devices quickly and cost-effectively, Qualcomm Technologies makes available more than 25 production-ready reference design platforms through a network of original design manufacturers (ODMs) for products including voice-enabled home assistants, connected cameras, drones, VR headsets, lighting, appliances and smart hubs/gateways. For more information, visit www.qualcomm.com/IoT. About Qualcomm Qualcomm's technologies powered the smartphone revolution and connected billions of people. We pioneered 3G and 4G – and now we are leading the way to 5G and a new era of intelligent, connected devices. Our products are revolutionizing industries, including automotive, computing, IoT, healthcare and data center, and are allowing millions of devices to connect with each other in ways never before imagined. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, our QCT semiconductor business. For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages.
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.