Qualcomm
Designs chips and inventions that let cell phones connect to the internet.
📖 Its story
In 1985, seven engineers, including Irwin Jacobs and Andrew Viterbi, got together in San Diego to start a new company. They loved figuring out how to send signals without wires quickly and neatly. Their inventions helped create the cell phone networks we use today.
💵 How it makes money
It sells chips for cell phones and charges royalties to other companies for using its patented inventions.
🤯 Fun fact
The name Qualcomm comes from 'QUALity COMMunications.'
👍 The good part
It has thousands of patents on cell phone technology, and many phones use its inventions.
⚠️ The risk
Some big customers, like Apple, have started designing their own chips.
🧠 Did you get it?
What does the name Qualcomm mean?
🗂️ Quick facts
- Founded in: 1985
- Founded by: Irwin Jacobs, Andrew Viterbi and five other partners
- Home: San Diego, California
🔎 How to find it on the stock market
- Search the internet for QCOM stock.
- You can also find it in your parents' investing app with the letters QCOM.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in Qualcomm. Ask your mom or dad to join the list.
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