Qualcomm, Inc. remains a key player in the telecommunications industry, with UBS maintaining a Neutral rating on the company.

Qualcomm specializes in CDMA systems and software, which use a wide spectrum for mobile communication. The company generates a significant portion of its revenue from communication systems, accounting for 83.8% of net sales, including integrated circuits and software for wireless voice and data transmission, as well as multimedia functions.

Additionally, Qualcomm earns licensing fees from manufacturers using CDMA technologies. Geographically, the company's sales are concentrated in China and Hong Kong, accounting for 63.6% of net sales, followed by Vietnam at 13.7%, South Korea at 7.2%, and the United States at 3.3%. This distribution of sales highlights Qualcomm's strong presence in the Asian market and its focus on regions with high demand for mobile communication technologies.