Overview:

Designing and producing wireless telecommunications products are Qualcomm’s specialties. Seven individuals launched the business in 1985. It has more than 41,000 workers working in more than 170 offices in 40 different nations, with its headquarters in San Diego.

Steve Mollenkopf serves as the company’s CEO. On Fortune’s list of the top 500 companies in 2019, Qualcomm ranked 137th, down from the previous year’s position. The business is between Bristol-Myers Squibb and Penske Automotive Group, a biopharmaceutical corporation.

Revenue:

In 2020, Qualcomm produced 23.53 billion in revenue. Additionally, it contributed to the company’s $6.26 billion operating profit and $5.20 billion net profit. In the same year, Qualcomm had total assets of $35.59 billion and total equity of $6.08 billion. In 2020, the corporation anticipates having 41,000 employees.

Competitors:

The industry in which Qualcomm works has substantial R&D expenditure requirements. Despite this, it faces numerous rivals. Due to its presence in several areas, the corporation is vulnerable to fierce competition. The top ten rivals and alternatives to Qualcomm are listed below.

Mediatek:

MediaTek is a computer chip semiconductor manufacturing company located in Taiwan. It focuses on wireless communications, high-definition television, handheld mobile devices, navigation systems, consumer multimedia goods, and digital subscriber line services. The business has 25 offices worldwide and is based in Hsinchu. In 2016, the business ranked third among all fabless IC designers globally.

MediaTek provides its services globally. In 2020, the company brought in NT$322.15 billion in sales, which is roughly equivalent to $10.9 billion. In 2019, it also announced having more than 17,500 workers. Additionally, MediaTek holds a market share of over 30% and is the largest supplier of smartphone chipsets. As a result, it is a significant rival to Qualcomm.

Synaptics:

Another well-known brand in the tech sector is Synaptics. The business is based in San Jose, California, and produces hardware and software for various technologies’ human interfaces. It focuses on touchpads, display drivers, fingerprint biometrics for smartphones, video, and far-field voice technology. Original equipment manufacturers are among its main clients.

In 2020, Synaptics made $1,334 million in revenue. It is not as significant in terms of operations as some other names on this list. Despite this, it provides service to numerous reputable manufacturers and distributors. While Synaptics doesn’t directly compete with Qualcomm’s business, the two companies do share some markets.

Apple:

Apple, one of the biggest technology businesses in the world, is valued at more than $1 trillion. There is no need to introduce the business. Apple mainly competes in the markets for personal computers, laptops, smartphones, smartwatches, and accessories. Through its semiconductors, particularly Apple CPUs, it also poses a threat to Qualcomm’s business.

During the first two years, Apple Computer recorded healthy earnings, and it was in 1977 that the business declared victory. The company was created for the two Steves after Ronald Wayne sold back his shares to them, and Mike Markkula, a multimillionaire, gave them the money they needed. Since then, with the creation of several more well-known models like the Apple II and Macintosh, Apple’s profits have increased enormously.

Broadcom:

An American chipmaker manufacturer is called Broadcom, or Broadcom Corporation. The business produces goods for the wireless and broadband communication sectors. It is completely owned by Broadcom Inc. and is currently operated under the name Avago Technologies. In 1991, Broadcom launched its business.

When did Broadcom make a bid to acquire Qualcomm, its greatest rival? It was 2017 and they had given Qualcomm an astounding $130 billion quotation! The latter declined the alluring offer; this was a wise decision given their position in the telecoms industry. Along with a few high-end security products, Broadcom also specializes in software items like mainframe and business software. Additionally, they provide developing systems and storage, and you can even discover a few high-end optical things in their catalog. The corporation generates about $24 billion in revenue.

Intel:

The technology enterprise and multinational corporation Intel is based in the United States. According to revenue, it is the biggest producer of semiconductor chips in the world. Additionally, it focuses on the x86 microprocessors used in the majority of microcomputers. Without a question, Intel is the most popular and well-known brand in the semiconductor market.

Since Intel’s beginnings, the semiconductor industry has benefited greatly from its remarkable contributions. Today, Intel semiconductor chips and the regular upgrades they provide are available practically everywhere in the world. Located in Santa Clara, California, the business is now placed number 45 on the Fortune 500 list. It makes over $77 billion in revenue.

Conclusion:

One of the leading brands in the semiconductor industry, Qualcomm has several well-known customers. The company faces competition from many well-known companies, such as Intel, AMD, Nvidia, Broadcom, MediaTek, HiSilicon, Apple, and Infineon. Similar to that, the business is among the top 10 in terms of revenues and market share.

Q. Will Qualcomm make phones?

Ans: At its recent Snapdragon Summit, Qualcomm made its claims for ruling high-end Android phones in 2022.

Q. Does Google use Qualcomm?

Ans: Since the first HTC Android phone, Google has partnered with Qualcomm, but now Google is shifting its focus.