Qualcomm develops and commercializes advanced wireless technologies and semiconductor products. The company designs and manufactures integrated circuits that enhance connectivity and power management for mobile devices, automotive applications, and Internet of Things (IoT) devices. Qualcomm generates revenue by selling these semiconductor products and licensing its extensive patent portfolio, which includes technologies essential for wireless communication. Unlike many competitors, Qualcomm has a strong focus on both the design and licensing aspects of its business, allowing it to serve a wide range of clients in telecommunications and electronics. The goal of Qualcomm is to drive the evolution of smart devices and networks, ensuring efficient performance and connectivity across various applications.