Emerging Technology

Qualcomm Incorporated (NASDAQ: QCOM) today said it is continuing to expand its chipset business to meet the growing opportunity for its technology at its 2021 Investor Day. The Company expects its addressable opportunity to grow from approximately $100 billion today to $700 billion in the next decade, as more devices become intelligently connected.

"Qualcomm is at the beginning of one of the largest opportunities in its history, enabling a world where everyone and everything is intelligently connected," said Cristiano Amon , president and CEO, Qualcomm Incorporated.  "Qualcomm is uniquely positioned to grow across multiple industries in addition to handsets, with a rapidly diversifying business that is not defined by any one single industry or customer."

Qualcomm provided new three-year financial targets, including:

  • QCT revenues to grow at mid-teens CAGR with 30%+ operating margin by fiscal 2024
    • Handset and RF front-end revenues grow at least in-line with a 12% SAM CAGR by fiscal 2024
    • Automotive revenues grow to ~$3.5 billion in five years and ~$8 billion in 10 years
    • IoT revenues grow up to $9 billion in fiscal 2024
  • QTL expected to maintain its current revenue scale and margin profile

Qualcomm today also described how its one technology roadmap extends across its growth opportunities. At its Investor Day, President and CEO Cristiano Amon , CFO Akash Palkhiwala , and CTO Dr. James Thompson , outlined the Company's strategy to continue to lead in mobile and power the connected intelligent edge. Their full presentations are available here .

About Qualcomm

Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.

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, substantially all of our engineering, research, and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

Note Regarding Forward-Looking Statements

In addition to historical information, this news release and the Investor Day presentations referred to herein contain forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to statements regarding: our business, product, technology, financial and acquisition strategies, priorities, plans, drivers, opportunities, outlook, estimates, targets and expectations; our growth opportunities, including in 5G, Handsets, RF Front-End, Automotive and IoT, and our being well positioned to take advantage of those opportunities; the continued evolution of 5G technology, including the anticipated timing of future 3GPP releases and the additional capabilities and use cases that will be enabled thereby; our technologies, technology leadership and technology roadmap; our products, product performance, product leadership, product pipeline, product mix and product roadmap; new product releases, announcements and design wins; the benefits of our technologies, products, business model and early investments in research and development; our business and share trends, as well as market and industry trends and their potential impact on our business and our positioning to take advantage thereof; our pending acquisition of Veoneer's Arriver business, including the timing and anticipated benefits thereof; anticipated demand for our products and technologies; supply issues, including anticipated improvements to the supply constraints affecting the industry and the timing thereof; our capital allocation strategy, including anticipated dividend growth and share repurchases; our estimates for global handset and non-handset shipments; our estimates, forecasts and guidance related to our financial results; and our goals relating to reduction of greenhouse gas emissions.  Forward-looking statements are generally identified by words such as "estimates," "guidance," "expects," "anticipates," "intends," "plans," "believes," "seeks" and similar expressions.  Actual results may differ materially from those referred to in the forward-looking statements due to a number of important factors, including but not limited to: the impact of the COVID-19 pandemic, and government policies and other measures designed to limit its spread; our dependence on a small number of customers and licensees, and particularly from their sale of premium-tier devices; our customers vertically integrating; a significant portion of our business being concentrated in China , which is exacerbated by U.S./ China trade and national security tensions; our ability to extend our technologies and products into new and expanded product areas, and  industries and applications beyond mobile handsets; our strategic acquisitions, transactions and investments, and our ability to consummate strategic acquisitions; our dependence on a limited number of third-party suppliers; risks associated with the operation and control of our manufacturing facilities; security breaches of our information technology systems, or other misappropriation of our technology, intellectual property or other proprietary or confidential information; our ability to attract and retain qualified employees, and to successfully operate under a hybrid working environment; the continued and future success of our licensing programs, which requires us to continue to evolve our patent portfolio and to renew or renegotiate license agreements that are expiring; efforts by some OEMs to avoid paying fair and reasonable royalties for the use of our intellectual property, and other attacks on our licensing business model; potential changes in our patent licensing practices, whether due to governmental investigations, legal challenges or otherwise; adverse rulings in governmental investigations or proceedings; our customers' and licensees' sales of products and services based on CDMA, OFDMA and other communications technologies, including 5G, and our customers' demand for our products based on these technologies; competition in an environment of rapid technological change, and our ability to adapt to such change and compete effectively; failures in our products or in the products of our customers or licensees, including those resulting from security vulnerabilities, defects or errors; difficulties in enforcing and protecting our intellectual property rights; claims by third parties that we infringe their intellectual property; our use of open source software; the cyclical nature of the semiconductor industry, declines in global, regional or local economic conditions, or our stock price and earnings volatility; our ability to comply with laws, regulations, policies and standards; our indebtedness; and potential tax liabilities.  These and other risks are set forth in our Annual Report on Form 10-K for the fiscal year ended September 26, 2021 filed with the Securities and Exchange Commission ("SEC").  Our reports filed with the SEC are available on our website at www.qualcomm.com .  We undertake no obligation to update, or continue to provide information with respect to, any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.

Qualcomm Contacts:
Pete Lancia , Corporate Communications
Phone:  1-858-845-5959
Email: corpcomm@qualcomm.com

Mauricio Lopez-Hodoyan, Investor Relations
Phone:  1-858-658-4813
Email: ir@qualcomm.com

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SOURCE Qualcomm Incorporated

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BlackBerry Radar Now Available on AWS Marketplace

Transportation and logistics businesses can now quickly procure and deploy asset monitoring solution across their entire fleet in AWS Marketplace

BlackBerry Limited (NYSE: BB; TSX: BB) today announced that BlackBerry Radar ®, the company's intelligent, data-driven asset monitoring solution purpose-built for the transportation industry, is now available for purchase in AWS Marketplace a curated digital catalog with thousands of software listings from independent software vendors that makes it easy to find, test, buy, and deploy software on Amazon Web Services (AWS).

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Mobile Investing in Australia

After lagging behind for a prolonged period, Australia's tech sector is ramping up at an accelerated pace. The tech sector is now equivalent to 8.5 percent of the country's GDP as of the end of 2021, an increase of 26 percent since the onset of COVID-19 through June 2021 and a massive 79 percent increase over the past five years. Tech contributes AU$167 billion to the Australian economy, trailing only the mining (AU$205 billion) and financial/insurance (AU$169 billion) sectors.

Australia's characteristically resilient economy — which had not experienced a recession in nearly 30 years prior to COVID-19 lockdowns — has provided a sturdy backdrop for its growing tech sector. The growth in the tech sector’s contribution to the GDP has outpaced average growth of other industries by more than 400 percent, a gain partly attributable to accelerated digital technology adoption during the pandemic.

This dramatic expansion is largely in response to Australia's need to catch up to the rest of the world and assert itself in the global tech marketplace. Should the tech sector continue to grow at its current rate it will eventually surpass the relative GDP contribution of the long dominant mining sector. This will also complete the process of bringing Australia more in line with other western economies such as the UK, and notably Canada, which is comparable to Australia in terms of its dominant mining and agricultural industries.

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BlackBerry Reports First Quarter Fiscal Year 2023 Results

Delivers year-over-year revenue growth for both IoT and Cybersecurity business units

First Quarter Fiscal 2023:

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EarthCam Selects Sierra Wireless AirLink® XR80 5G for World's First Multi-Network 5G Camera System

Sierra Wireless AirLink ® XR80 5G router integrated into new EarthCam solution enabling advanced live-streaming, safety and security analytic applications

Sierra Wireless (NASDAQ: SWIR) (TSX: SW), a world leading IoT solutions provider, today announced that EarthCam , a leading provider of webcam content, technology and services, has selected Sierra Wireless' AirLink® XR80 5G router for their world-first multi-network 5G camera system, the StreamCam 5G .

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BlackBerry IVY Wins Frost & Sullivan Technology Leadership Award

BlackBerry Limited (NYSE: BB; TSX: BB) today announced that Frost & Sullivan has presented BlackBerry IVY™ with the 2022 Enabling Technology Leadership Award for the edge-to-cloud connected and autonomous vehicles industry.  Applying a rigorous evaluation process, Frost & Sullivan recognizes companies who are consistently at the forefront of innovation and growth in their respective industries, and have a visionary understanding of the future.

BlackBerry Logo Black (PRNewsfoto/Blackberry Limited)

BlackBerry IVY uniquely meets the needs of the automotive industry as it standardizes data access across all vehicles, regardless of brand, operating system, and cloud deployment model.  BlackBerry IVY enables automakers to control ownership of vehicle data, protects user data privacy, applies intelligence to data capture, and ensures data is secure.  BlackBerry IVY also paves the way for smart cities, by enabling communication between vehicles, infrastructure, and third parties that is seamless, benefiting stakeholders across the connected-autonomous community including automakers, governments, enterprises, developers, and consumers.

"BlackBerry believes that connectivity is powerful, more so when security and privacy are built in.  We have a mission to advance how the world securely connects and have been consistent in delivering on this mission, even during the global challenges of the past two years," said John Chen , Executive Chairman & CEO, BlackBerry.  "BlackBerry IVY is an example of our commitment to innovation that advances the world we live and work in, and the world we are developing for future generations.  Thank you to Frost & Sullivan for their recognition of our visionary strategy and industry leading technology."

"BlackBerry has a proven track record of success and innovation.  Their latest market disruptor, BlackBerry IVY is a revolutionary edge-to-cloud platform that competitors cannot duplicate," said Niranjan Manohar , Director of Consulting, Mobility, Frost & Sullivan.  "With BlackBerry IVY, OEMs and Tiers 1's can focus on the development of value-added and innovative in-vehicle experiences, reduce development costs, accelerate time-to-market, and have a platform that is easily scalable to other vehicle architectures.  BlackBerry already has a large footprint of vehicles on the road equipped with their QNX® software and IVY, which uniquely makes vehicle data available to automakers while maintaining user privacy, will further their market leadership position."

To download the Frost & Sullivan report click here .

For more information on BlackBerry IVY click here .

About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world.  The company secures more than 500M endpoints including over 195M vehicles.  Based in Waterloo, Ontario , the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint management, endpoint security, encryption, and embedded systems.  BlackBerry's vision is clear - to secure a connected future you can trust.

BlackBerry. Intelligent Security. Everywhere.

For more information, visit BlackBerry.com and follow @BlackBerry.

Trademarks, including but not limited to BLACKBERRY and EMBLEM Design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved.  All other trademarks are the property of their respective owners.  BlackBerry is not responsible for any third-party products or services.

Media Contact:
BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@BlackBerry.com

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SOURCE BlackBerry Limited

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Thinking about trading options or stock in Boeing, Kroger, Qualcomm, TJX Companies, or Walmart?

InvestorsObserver issues critical PriceWatch Alerts for BA, KR, QCOM, TJX, and WMT.

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SOURCE InvestorsObserver

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