Published:2012/11/10 0:16:00 Author:Ecco From:SeekIC
According to market researcher IC Insights, San Diego-based Qualcomm is expected to increase its sales by 30 percent in 2012. Qualcomm’s annual chips sales are expected to reach about $12.8 billion in annual chip sales, moving it three spots in the researchers’ rankings to No. 4.
Qualcomm’s standing as the leading supplier of application processors for mobile devices. In fact, it is fabless – has improved its market capitalization past Intel Corp., the world’s largest chip maker. Although Intel (Santa Clara, Calif.) remains the No. 1 chip maker as measured by sales volume, its standing relies on its dominant position in PCs, a market that is now perceived to be flat at best as consumers embrace smartphones and tablet computers.
In the eyes of investors who have driven up its market capitalization, the fact that Qualcomm is a fabless company relieves it of the burden of having to invest billions of dollars each year in process development and wafer fabs.
As a result, Qualcomm’s share price stands at $61.83, giving it a current market capitalization of $105 billion. Intel’s market capitalization stands at $104 billion based on a share price of $20.96.
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