Wireless telecom giant Qualcomm (QCOM) is benefiting from a ramp-up in 5G-enabled semiconductor chips. The company hosted an Analyst Day conference Tuesday where management demonstrated Qualcomm’s diversified growth strategies planned for the coming years. Notably, technologies like 5G, RF front end control interface (RFFE), automotive chips, and Internet of Things (IoT), are expected to receive the most attention from the company in the forthcoming years. Importantly, management also mentioned that the company’s total addressable market (TAM) should grow up to seven times over the next 10 years. (See Analysts’ Top Stocks on TipRanks) According to Qualcomm, the Android market holds the richest opportunities to grow revenues and margins.
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