QUALCOMM (QCOM): Board Approves New $20.0 billion Stock Repurchase Authorization

QUALCOMM Incorporated (NASDAQ:QCOM) is 1 of the Best Semiconductor Stocks to Invest In Now. On March 17, QUALCOMM Incorporated (NASDAQ:QCOM) announced that its Board of Directors approved a new $20.0 billion stock repurchase authorization, which is successful summation to its banal repurchase programme that was announced successful November 2024.

Also, the company’s Board approved an summation successful QUALCOMM Incorporated (NASDAQ:QCOM)’s quarterly currency dividend from $0.89 to $0.92 per share, raising the annualized dividend payout to $3.68 per share.

In a abstracted update, it was announced that Qualcomm Technologies, Inc. and Wayve entered into method collaboration, expanding the prime with an advanced production‑ready ADAS and AD system for automakers. Notably, this collaboration delivers a pre‑integrated ADAS/AD, helping entry‑level hands-off driving assistance to the eyes-off automated driving.

Notably, Snapdragon Ride supports the broadest scope of long‑term level strategies. It allows automakers to bring standardization passim programs and regions while, astatine the aforesaid time, retaining flexibility.

QUALCOMM, Inc. (NASDAQ:QCOM) is simply a planetary person successful the improvement and commercialization of foundational technologies for the wireless industry, specializing successful semiconductors, software, and services for mobile devices, automotive, and the Internet of Things (IoT).

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