San Diego Intel Corp. is coming after Qualcomm Inc. — years after, you might say — in the battle for mobile technology dominance.
CEO: Steve Mollenkopf
Revenue: $22.3 billion in fiscal 2017; $23.6 billion in fiscal 2016
Net income: $2.5 billion in fiscal 2017; $5.7 billion in fiscal 2016
No. of local employees: 13,000
Headquarters: Sorrento Mesa
Year founded: 1985
Stock symbol and exchange: QCOM on Nasdaq
Company description: Semiconductor company and wireless technology developer
CEO: Brian Krzanich
Revenue: $62.8 billion in 2017, up from $59.4 billion in 2016
Net income: $9.6 billion in 2017, down from $10.3 billion in 2016
Number of local employees: Not reported. It employs about 53,000 people in the United States. Notably, Intel is currently advertising to fill a number of engineer openings in the San Diego area as part of its intention to create a “complete modem team” focused on mobile communications protocol HSDPA and the mobile device high-speed communications standard LTE.
Headquarters: Santa Clara
Year founded: 1968
Stock symbol (and exchange): INTC (NASDAQ)
Company description: Maker of semiconductor chip, supplier to computing and communications industries. It provides chips, boards, systems and software for computers, servers and networking and communications products.
After falling behind Qualcomm in cellphone microchip design, the Santa Clara-based semiconductor giant crowed last month it will give the San Diego company “formidable and very meritorious” competition in the next-generation wireless technology known as 5G.
“On the modem and technology side, we’re going to be investing and executing on a level where we think we can give Qualcomm an extremely competitive environment,” Venkata (“Murthy”) Renduchintala, Intel’s chief engineering officer and a former Qualcomm executive, told technology website TechCrunch.
Intel is positioned to be a significant player as 5G spreads during the next two years, having signed recent deals with laptop manufacturers and a pair of Chinese wireless technology companies. But analysts say it’s unlikely the personal computing powerhouse will be able to seize the upper hand on wireless handsets, at least in the near term: Qualcomm is simply too far ahead.
There’s some indication Intel may be taking the fight to Qualcomm’s backyard.
As of last week, Intel was advertising online to fill a number of engineer openings as part of its intention to create a “complete modem team” in the San Diego market focused on mobile communications protocol HSDPA and the mobile device high-speed communications standard LTE. A company spokeswoman dismissed the umbrella job posting as outdated and declined to comment on it.