Qualcomm Inc., the giant semiconductor maker, announced that for the quarter ending Dec. 25, 2011, it had a profit of $1.4 billion, compared with a lower $1.17 billion at the same time in 2010. With an international workforce numbering more than 20,000 employees, the company is one of the largest providers of microchips and other technologies for the growing smartphone market.
In a recent interview, Qualcomm President Steve Mollenkopf said that the corporation will continue to take advantage of potentially lucrative acquisitions of technology companies, although it doesn't have any particular plans in place to buy businesses.
An example of a recent collaboration with other compatible companies was the May 2011 $3.1 billion merger between Qualcomm and Atheros with plans to develop together wireless technologies for residential use. Atheros makes chips that can conduct Wi-Fi signals.
Qualcomm is also focusing on diversifying through market growth in Asia, planning to add employees to its interests in the area. The company intends to build a new $1 billion manufacturing plant in Hsinchu, Taiwan, to produce its versatile, low-powered Mirasol display with potential usability on mobile technology like e-readers and tablets.
The company also sees upcoming opportunity for collaboration with Microsoft Corp. in expanded applications for use with Microsoft's new Windows 8.
Being the owner of a large company like Qualcomm is very rewarding, but there is a degree of risk involved from a business perspective. An experienced business law attorney needs to be a part of the team to represent you in your business interests. An attorney could help you grow your business, draft agreements, handle all aspects of business mergers and protect you by registering your trademarks and other intellectual property rights.
Source: MarketWatch, "Qualcomm president: Continuing with tech M&A," Lorraine Luk, Feb. 17, 2012
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