Published on 16 Sep 2021 on Zacks via Yahoo Finance
Qualcomm (QCOM) Boosts 5G RF Demand With GlobalFoundries Tie-Up
Qualcomm Incorporated’s QCOM unit, Qualcomm Global Trading PTE. Ltd., has inked an agreement with chipset manufacturer GlobalFoundries (“GF”) to manufacture state-of-the-art 5G multi-gigabit speed RF front-end products owing to their increasing demand. The entities have extended their RF collaboration to offer high cellular speeds supported by maximum power efficiency and enhanced coverage in the sleek form factors.At a time when foundries are raking up the prices of semiconductor chips amid a global supply crunch, tech giants are devising ways to design and develop devices within a budget to preserve supply for its customers. Hence, Qualcomm’s alliance with GF to redefine semiconductor manufacturing innovation with highly differentiated solutions is likely to be a fruitful one in augmenting 5G connectivity in this dynamic digital era.Qualcomm and Malta, NY-based GlobalFoundries have been sharing an active working relationship for quite some time now. Their partnership involves investing in advanced mmWave technology and sub-6 GHz for a seamless access to 5G, driven by unrivalled data speeds. This will help in better serving the accretive networking requirements of specific products and industry verticals such as 5G-enabled smartphones, automotive and data centers, to name a few.Qualcomm’s shares have gained 20.4% compared with the industry’s growth of 26.6% in the past year.
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