Qualcomm Technologies, Inc., the business arm of
), joined forces with Samsung to integrate Chinese BeiDou
Satellite Navigation System into its product portfolio.
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Qualcomm's IZat location solution powered with Snapdragon 800
processors and BeiDou Satellite Navigation System provides
accurate location-based information to Samsung Galaxy Note 3
users in China. Moreover, usage of Snapdragon chipset further
enhances battery life of the device.
Generally, urban dwellers face the problem of poor signal due to
interruptions caused by skyscrapers. The BeiDou Satellite
Navigation System will facilitate uninterrupted transmission of
The popularity of Qualcomm chipsets is continuously gaining
popularity. Most high-end smartphones like
) Sony Xperia Z and
) BlackBerry Z10 use Qualcomm chipsets. Qualcomm's Snapdragon 800
quad core processors will gain traction with increased deployment
of 4GLTE technology across emerging nations like India and China.
World's largest telecom operator, C
hina Mobile Limited
), targets to deploy nearly 200,000 TD-LTE base stations by the
end of 2013. China Mobile has already chosen Snapdragon and
Gobi-based LTE-TD smartphones, as it runs well on such home grown
networks. This will create a huge growth opportunity for Qualcomm
in the upcoming quarters.
In the fourth quarter, Qualcomm shipped approximately 190 million
CDMA-based MSM chipsets, up 35% year over year. This figure
significantly surpassed the company's guidance of a mid-point of
176 million. The company expects to ship 195-210 million MSM
chipsets in the first quarter of fiscal 2014.
Currently, Qualcomm carries a Zacks Rank #2 (Buy).