Qualcomm Ready to Buy If Market Creates Opportunity for More Mergers, AcquisitionsThursday, February 11, 2016
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.