5 Biggest Import-Export Companies in the World

3. QUALCOMM Incorporated (NASDAQ:QCOM)

Market Cap as of November 30: $141.8 billion

QUALCOMM Incorporated (NASDAQ:QCOM) is an American multinational semiconductor and telecom equipment company. It has also partnered with a few automotive giants to capture the market of up and coming autonomous vehicle industry. QUALCOMM Incorporated (NASDAQ:QCOM) is one of the biggest chipset makers in the world and its chips are exported globally, especially for the assembly of Android phones.

QUALCOMM Incorporated (NASDAQ:QCOM) is fast becoming the global leader in the 5G IoT market. The company’s 5G baseband market share is racing upwards at a substantial pace which was 29% in Q2 2020 and crossed over 76% in 2021. Furthermore, Renault and Mercedes have partnered with QUALCOMM Incorporated (NASDAQ:QCOM) for advanced automotive solutions in the autonomous vehicle industry with the use of Qualcomm’s Snapdragon® Digital Chassis™.

QUALCOMM Incorporated (NASDAQ:QCOM) was favored significantly by hedge funds in the third quarter of 2022. 80 of the 920 hedge funds tracked by Insider Monkey had a stake in the company in Q3, compared to 71 in the previous quarter. Matrix Capital Management owned over 3.3 million shares of the company in the third quarter making it the most notable stakeholder in the company.

Here is what ClearBridge Investments had to say about QUALCOMM Incorporated (NASDAQ:QCOM) in its Q4 2021 investor letter:

“Market strength continued in the fourth quarter, with only the communication services sector down in the Russell 1000 Value Index. Portfolio returns benefited from the strong performance of semiconductor maker Qualcomm, which has executed exceptionally well in pursuing the transition to 5G, growing both content and share due to its leadership position in cellular technology. The chipmaker recently outlined a number of peripheral growth opportunities outside of mobile markets, including automotive (where it hopes to leverage its strong presence in the automotive infotainment space into advanced driver assistance systems), Internet of Things (including opportunities in the PC market, VR/AR market, and factory automation) and radio frequency (where mmWave adoption globally, including China, would drive substantial upside).”