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November 17, 2010, 12:46 PM EST
By Ian King
Nov. 17 (Bloomberg) -- Qualcomm Inc., the biggest maker of mobile-phone chips, will unveil a new version of its Snapdragon processor next year, seeking a place in more smartphones and tablet computers.
The chip will feature improved graphics, built-in connections to Wi-Fi, the global positioning system and Bluetooth, as well as faster processing speeds, Qualcomm Executive Vice President Steve Mollenkopf said today in a presentation in New York. It also will work with the latest mobile-phone networks.
Qualcomm is using Snapdragon to move beyond radio chips, which connect phones to the network, and push into processors that run applications and handle other computing tasks. It’s also trying to get its electronics into other kinds of devices, such as tablets. The company says it already has the dominant market share in phones based on Google Inc.’s Android operating system, which also is starting to appear on tablets.
Qualcomm, based in San Diego, rose $1.62, or 3.5 percent, to $48 at 12:18 p.m. New York time in Nasdaq Stock Market trading. The shares are little changed in value this year.
--Editors: Nick Turner, Lisa Wolfson
To contact the reporters on this story: Ian King in San Francisco at ianking@bloomberg.net
To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net
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Nov. 17 (Bloomberg) -- Qualcomm Inc., the biggest maker of mobile-phone chips, will unveil a new version of its Snapdragon processor next year, seeking a place in more smartphones and tablet computers.
The chip will feature improved graphics, built-in connections to Wi-Fi, the global positioning system and Bluetooth, as well as faster processing speeds, Qualcomm Executive Vice President Steve Mollenkopf said today in a presentation in New York. It also will work with the latest mobile-phone networks.
Qualcomm is using Snapdragon to move beyond radio chips, which connect phones to the network, and push into processors that run applications and handle other computing tasks. It’s also trying to get its electronics into other kinds of devices, such as tablets. The company says it already has the dominant market share in phones based on Google Inc.’s Android operating system, which also is starting to appear on tablets.
Qualcomm, based in San Diego, rose $1.62, or 3.5 percent, to $48 at 12:18 p.m. New York time in Nasdaq Stock Market trading. The shares are little changed in value this year.
--Editors: Nick Turner, Lisa Wolfson
To contact the reporters on this story: Ian King in San Francisco at ianking@bloomberg.net
To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net
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