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Advanced Micro Devices, Inc. (AMD): 1 Important Way Intel Corporation (INTC) Still Tops QUALCOMM, Inc. (QCOM)

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No two companies embody the shift of traditional computing to mobile form factors like Intel Corporation (NASDAQ:INTC) and QUALCOMM, Inc. (NASDAQ:QCOM) . The two chip makers are two sides of a silicon coin, where one dominates the market for PC processors while the other is the go-to vendor for mobile chips.

Late last year, there was a symbolic changing of the guard when Qualcomm’s market cap overtook Intel’s for the first time ever. In the months since, QUALCOMM, Inc. (NASDAQ:QCOM) has slightly widened its lead, but both companies are worth right around $110 billion.

QCOM Market Cap Chart

QCOM Market Cap data by YCharts.

Intel Corporation (NASDAQ:INTC) continues to face headwinds, as the PC market that it relies on remains weak, while Qualcomm’s licensing and chip businesses are both sitting pretty amid global consumer adoption of mobile devices.

However, there’s still one important way in which Intel Corporation (NASDAQ:INTC) still tops Qualcomm.

Intel Inside
When the average consumer thinks PC processor, they immediately think Intel Corporation (NASDAQ:INTC). Intel Corporation (NASDAQ:INTC) has dominated the market for PC chips for decades, with smaller rival Advanced Micro Devices, Inc. (NYSE:AMD) always playing second fiddle. With such long-standing hegemony comes strong brand recognition.

In Interbrand’s 2012 ranking of the best global brands, Intel ranked No. 8. QUALCOMM, Inc. (NASDAQ:QCOM) didn’t even crack the top 100. The consultancy valued Intel’s brand at nearly $40 billion.

QUALCOMM, Inc. (NASDAQ:QCOM)While Qualcomm’s technology is found inside nearly every single mobile phone in the world in some form or fashion — either through licensing its intellectual property portfolio or one of its mobile chips (applications processors and baseband modems) — most consumers may not even realize it. Even fewer care.

The market for mobile chips is more competitive than PCs, and there is also a higher level of integration among device OEMs where chips are designed in-house. QUALCOMM, Inc. (NASDAQ:QCOM) enjoys a revenue share of over 40% in the applications processor market, but that’s only part of the bigger picture, as companies like Apple (NASDAQ:AAPL) and Samsung, the two largest smartphone vendors, are increasingly moving toward in-house chips.

That’s one reason why QUALCOMM, Inc. (NASDAQ:QCOM) can’t command the same level of brand recognition as Intel. It’s not as if Hewlett-Packard (NYSE:HPQ) or Dell (NASDAQ:DELL) ever made their own PC processors.

Snapdragon Inside?
In a recent interview with MIT Technology Review, Qualcomm chief marketing officer Anand Chandrasekher addressed how he hopes to change that. The exec spent 18 years at Intel and only joined Chipzilla’s rival last year.

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