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LONDON, UK / ACCESSWIRE / September 5, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for QUALCOMM Inc. (NASDAQ: QCOM), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=QCOM. The Company announced on September 01, 2017, that its subsidiary, Qualcomm Technologies, Inc., has launched its Cellular Vehicle-to-Everything (C-V2X) chipset. The C-V2X is a revolutionary chipset that supports automotive road safety and is targeted for commercial use in fully autonomous and connected vehicles. The C-V2X is expected to be available for commercial testing in H2 2018. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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Qualcomm Technologies has been working on the V2X ecosystem for several years. The C-V2X chipset is designed to offer the best in industry standards in terms of extended communication range, improved reliability, and NLOS performance aimed to support safety and use in autonomous driving. Qualcomm Technologies plans to continue working on this technology as communication systems readies to shift from 3GPP to 5G-New Radio (NR) and offer C-V2X products with 5G-NR based capabilities in future.

Commenting on the launch of the C-V2X, Nakul Duggal, Vice President of Product Management, Qualcomm Technologies said:

"Today's introduction of the Qualcomm 9150 C-V2X chipset builds on our leadership in automotive technologies, demonstrating our continued commitment to design and offer advanced solutions for safe, connected, and increasingly autonomous vehicles. C-V2X is expected to support safer roads, increase productivity, and decrease traffic congestion. We look forward to seeing our 9150 C-V2X chipset play a key role in assisting the global market to achieve these benefits."

About C-V2X Chipset

The C-V2X is a 3GPP Release 14 specifications for PC5-based direct communication. Qualcomm's C-V2X design and solution features the 9150 chipset which has integrated Global Navigation Satellite System (GNSS) capability including an application processor that runs the Intelligent Transportation Systems (ITS) V2X stack and a Hardware Security Module (HSM).

The key safety feature of the C-V2X is that it has two transmission modes: (i) direct communications and (ii) network-based communications. This will enable Automotive Road Safety in self-driving cars as both communications would provide additional inputs about the vehicle's surroundings, including non-line-of-sight (NLOS) scenarios, to the existing Advanced Driver Assistance Systems (ADAS) viz., sensors, cameras, radar, and LIDAR. The C-V2X's direct communications is designed in a manner that it enhances enhance situational awareness by detecting and exchanging information using low latency transmission in the globally harmonized 5.9 GHz ITS band for Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), and Vehicle-to-Pedestrian (V2P) scenarios. This eliminates the need for cellular-based communications via a SIM, cellular subscription, or network operators. On the other hand, the C-V2X's network-based communications is designed to use the operator's 4G and emerging 5G wireless networks for Vehicle-to-Network (V2N) and operates over licensed operator spectrum to support telematics, access connected infotainment and other information. The C-V2X combines the best of both communications thereby improving the overall safety features of the autonomous vehicles.

The C-V2X adheres to global design standards including the global 3GPP specifications at the radio layers, and reuse the established service and application layers. These standards are in-line with the specifications set by the automotive industry, including the Society of Automotive Engineers (SAE) and the European Telecommunications Standards Institute ITS (ETSI-ITS).

Strong support for C-V2X from Automobile Manufacturers

Qualcomm's C-V2X has garnered keen interest and support from leading automobile Companies like Ford Motor Co., The Audi Group, Groupe PSA, and SAIC Motor. These Companies have welcomed the product enthusiastically and have offered their support for commercialization of this technology by using the C-V2X in their respective self-driving vehicle models being developed by them.

Coming in support of the C-V2X, Dr. Thomas Müller, Head of Electrics/Electronics, Audi said:

"Qualcomm Technologies' anticipated 9150 C-V2X chipset serves as a major milestone in paving the road for 5G and safer autonomous driving. As C-V2X continues to serve as an essential ingredient for enhanced safety for next-generation vehicles, Qualcomm Technologies' 9150 C-V2X chipset will certainly help accelerate the adoption and deployment of C-V2X technologies."

Don Butler, Executive Director, Connected Vehicle and Services, Ford Motor Co. added:

"We welcome Qualcomm Technologies' cellular-V2X product announcement, as the automotive industry and ecosystem work towards C-V2X implementation, and pave the path to 5G broadband and future operating services."

Carla Gohin, Senior Vice President, Head of Innovation, Groupe PSA stated:

"Groupe PSA is strongly involved in the 5G standardization and trials and has great expectations on 5G as an enabler for the connected and autonomous vehicles. C?V2X and its strong evolution path to 5G will serve as a key enabler for new mobility services. Groupe PSA will evaluate this technology, with Qualcomm Technologies' support, to adopt for our cars."

Dr. Liu Fen, Director of Intelligent Driving, Research and Advanced Technology Department, SAIC Motor commented:

"As vehicles become increasingly intelligent, it is critical that our vehicles are equipped with premium-tier technologies to provide seamless communication between the vehicle and the roadway and beyond. We deem C-V2X technologies as the best choice, and look forward to utilizing these technologies in V2X. We admire the efforts Qualcomm Technologies has made and believe that the planned commercialization of their 9150 C-V2X chipset will accelerate the development of next-generation intelligent and connected vehicles."

About QUALCOMM Inc.

San Diego, California-based QUALCOMM is a world leader in 3G, 4G, and next-generation wireless technologies. QUALCOMM includes QUALCOMM's licensing business, QTL, and most of its patent portfolio. The Company's products and technology solutions allow millions of devices to connect with each other. Qualcomm Technologies, Inc., is a wholly-owned subsidiary of QUALCOMM, and operates, along with its subsidiaries, substantially all of QUALCOMM's engineering, research, and development functions, and its products and services businesses, including its semiconductor business, QCT, as well as its mobile, automotive, computing, IoT, and healthcare businesses.

Last Close Stock Review

On Friday, September 01, 2017, QUALCOMM's stock closed the trading session at $52.05, slightly slipping 0.42% from its previous closing price of $52.27. A total volume of 5.30 million shares were exchanged during the session. Shares of the Company have a PE ratio of 19.93 and have a dividend yield of 4.38%. The stock currently has a market cap of $76.93 billion.

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