QCraft Globalizes With European HQ And Collaborates With Qualcomm

QUALCOMM Incorporated (NASDAQ:QCOM) is among the 11 Best Semiconductor Stocks with Huge Upside Potential. QCraft has opened its European headquarters in Germany and partnered with QUALCOMM Incorporated (NASDAQ:QCOM) to expedite the implementation of next-generation intelligent driving solutions on the Snapdragon Ride™ platform.

Morningstar analysts predict that QUALCOMM Incorporated (NASDAQ:QCOM)’s licensing business (QTL) and chip business (QCT) will continue to generate strong cash flow, supporting the company’s narrow moat rating. This is projected to maintain the firm’s position as the market leader in 5G chipsets and intellectual property.

Apple’s move to replace QUALCOMM Incorporated (NASDAQ:QCOM) with its own baseband chips, or modems, will be a medium- to long-term obstacle but not a fatal blow. This is mainly due to the company being expected to expand in the automotive and Internet of Things semiconductor markets. The business has survived numerous government investigations and customer backlash in the licensing space. According to Morningstar analysts, QTL is expected to continue generating a steady flow of high-margin royalties in the future. It is among the Stocks with Biggest Upside.

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