Qualcomm's business model is unique in that it generates revenue

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Licenses
Qualcomm is best known for its licensing business, which generates the majority of the company's revenue. The company licenses its technology to other companies, allowing them to use Qualcomm's patented intellectual property in their products. Qualcomm earns a percentage of the price of each device sold that uses its technology. This revenue stream is particularly lucrative for Qualcomm, as it allows the company to make money without having to manufacture or sell its own products.

Chipset sales
Qualcomm also generates revenue from the sale of its chipsets. The company designs and manufactures business owner data semiconductor chips that are used in smartphones, tablets and other electronic devices. Its chipsets encompass a range of technologies, including processors, graphics and modems. Qualcomm's chipsets are used in devices from many of the world's largest smartphone manufacturers, including Samsung, LG and Xiaomi.

Services
Qualcomm also offers a range of services to its customers. These services include software development, technical support, and technical consulting. Qualcomm's services are designed to help customers get the most out of the company's chipsets and technologies. Services revenues are relatively small compared to the company's licensing and chipset sales, but they are a significant part of Qualcomm's overall revenue stream.

from both the sale of products and services and from licensing fees for its IP portfolio. This allows the company to diversify its revenue streams and mitigate the risks associated with fluctuations in demand for its products and services.