Qualcomm Inc. Gives an Update on Data Center Efforts

Qualcomm Inc. Gives an Update on Data Center Efforts

Qualcomm (NASDAQ: QCOM) is the leading vendor of smartphone applications processors. Its premium chips for those devices face little competition from other component suppliers, meaning that unless a smartphone maker is willing -- and able -- to build its own competitive high-end smartphone chips (a difficult undertaking), it's likely to use Qualcomm's.

The company has also been very aggressive in transferring key technologies from its premium smartphone chips -- such as high-end cellular capabilities -- into its mid-range and low-end smartphone chips, a strategy that has helped it to bolster its position in those segments of the market, too.

Image source: Qualcomm.

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Source: Fool.com