Leadership at Qualcomm Inc. expressed interest in further mergers and acquisitions as executives offered an extended program of briefings to financial analysts Feb. 11 at company headquarters.
Qualcomm (Nasdaq: QCOM) will pursue a “disciplined” approach toward investment as well as mergers and acquisitions, said George Davis, chief financial officer.
Recent acquisitions include Qualcomm’s $2.4 billion purchase of CSR, or Cambridge Silicon Radio, completed in August.
Separately the company announced several new products, including the X16 LTE cellular modem, capable of moving up to 1 gigabit of data per second. Qualcomm marketers hinted that the invention bridges the gap between 4G — fourth generation technology — and 5G.
The company announced three new Snapdragon processors and its Snapdragon Wear platform, billed as the first custom solution for wearable devices.