Qualcomm Incorporated is an American multinational semiconductor and telecommunications equipment company. It was founded in 1985 and is headquartered in San Diego, California. Qualcomm operates through three main segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The main products of Qualcomm are semiconductors, software, and services primarily used in mobile devices such as smartphones, tablets, wearables, and automotive systems. They are known for their Snapdragon processors that power a significant portion of Android-based smartphones globally. Snapdragon processors offer high-performance computing capabilities while providing energy efficiency. Qualcomm's business model includes designing and manufacturing its own semiconductor chips for mobile devices. The company also licenses its intellectual property rights to other manufacturers through patent licensing agreements. This business model allows Qualcomm to generate revenue from both chip sales and licensing fees. Qualcomm faces competition from several companies in the semiconductor industry. Its primary competitors include Intel Corporation, MediaTek Inc., Samsung Electronics Co., Ltd., Apple Inc., Broadcom Inc., [[NVIDIA]] Corporation, and Huawei Technologies Co., Ltd. These companies develop their own chipsets or license technology from other vendors to compete with Qualcomm's offerings. In addition to its competitors in the semiconductor market, Qualcomm also faces competition in the telecommunications equipment market from companies such as Ericsson AB, Nokia Corporation, Huawei Technologies Co., Ltd., ZTE Corporation, and Cisco Systems Inc. Overall, Qualcomm's business model revolves around designing and manufacturing semiconductors while generating additional revenue through patent licensing agreements. The company operates in a highly competitive industry with several major players vying for market share.