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Qualcomm Collaborates with UAE-based Telecom Company e& to Develop 5G, AI Technologies

by TheAdviserMagazine
7 months ago
in Business
Reading Time: 2 mins read
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Qualcomm Collaborates with UAE-based Telecom Company e& to Develop 5G, AI Technologies
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Qualcomm Incorporated (NASDAQ:QCOM) has partnered with e&, a UAE-based telecom company. Qualcomm will develop advanced connectivity 5G and edge AI technologies for government, industrial sectors, and enterprises in the UAE. On May 16, the company revealed plans to establish edge AI gateways and enhance its devices powered by its Snapdragon platform in the UAE.

Qualcomm Incorporated (NASDAQ:QCOM) Among Major Beneficiaries from Partnerships in the Middle East

An aerial view of a bustling semiconductor production zone showcasing the company’s integrated circuits.

Qualcomm CEO, Cristiano Amon, said:

“We look forward to working with e& to accelerate innovation and technology advancement across its ecosystem of enterprise and government customers in the UAE and beyond.”

Qualcomm is making massive strides in the AI sector. During the 53rd Annual JP Morgan Global Technology, Media, and Communications Conference, the company mentioned that it projects AI to transform smartphone use cases, similar to the transformation from feature phones to smartphones. The company also emphasized its strategic partnership with Saudi Arabia’s HUMAIN, a national AI body advancing Saudi Arabia’s goals for AI.

Qualcomm will build next-generation AI data centers, infrastructure, and cloud-to-edge services to meet the growing AI demand in the region. Moreover, Qualcomm’s collaboration with Aramco Digital will develop and deploy AI industrial IoT technologies and solutions.

Qualcomm Incorporated (NASDAQ:QCOM) is a major player in the broader AI industry. It integrates and creates AI technologies to support segments including automotive, mobile, edge computing, and the Internet of Things (IoT).

While we acknowledge the potential of QCOM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than QCOM and that has 100x upside potential, check out our report about this cheapest AI stock.

Read Next: 30 Best Stocks to Buy Now According to Billionaires and 15 Small-Cap Healthcare Stocks Hedge Funds Are Buying.

Disclosure. None.



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