How Qualcomm Makes Money

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Qualcomm generates revenue from two major subsidiaries: Qualcomm CDMA Technologies (QCT) and Qualcomm Technology Licensing (QTL). QCT generates its revenue from the sale of products and services, primarily from the sale of chips for mobile devices, automobiles, and Internet of Things (IoT) applications. On the other hand, QTL generates its revenue from licensing fees for its intellectual property (IP) portfolio, which includes patents for CDMA, WCDMA, OFDMA, and other wireless technologies.

In 2021, Qualcomm generated $33.57 billion in revenue, with QCT accounting for $25.56 billion and QTL business owner data accounting for $7.01 billion. This was a significant increase from the previous year, when the company generated $23.53 billion in revenue, with QCT accounting for $16.97 billion and QTL accounting for $6.56 billion.

Qualcomm is a leading semiconductor and telecommunications equipment company that generates revenue through various revenue streams. Let's take a closer look at how Qualcomm makes money.