May 25, 2017 02:53 PM EDT
Chip manufacturing giant Qualcomm is deeply involved in a legal battle with Apple and the Federal Trade Commission. But it is winning another battle where it really counts – market leadership in the chip manufacturing business. A report from the San Jose-based tech giant says the company is currently shipping 1 million chips daily for the Internet of Things (IoT).
At the rate it is churning out high-quality and in-demand chipsets for IoT, it is not surprising that Qualcomm chips could be found in 1.5 billion IoT devices globally, making it the market leader insofar as IoT are concerned, Android Headlines reports. It is similar to the situation in the Android smartphone market where its Snapdragon processors are also in-demand and considered a top-of-the-line spec for flagships such as the Samsung Galaxy S8 and S8 Plus.
Just to give an idea how far Qualcomm chips have spread around, it is found in over 150 wearables or the smartwatch. A Qualcomm press release says the Snapdragon Wear 2100 chipset is found on 80 percent of rolled out or announced Android Wear. For IoT, more than 125 million smart home gadgets, such as TVs, feature Qualcomm’s SoC, including commercial and industrial iOT in which more than 30 designs bear the MD9206 modem.
The 1.5 billion IoT products with Qualcomm chips may seem an impressive number, but analysts foresee the potential market growing even bigger. They estimate that by 2025, the economic impact of IoT applications would expand to $11 trillion. To address the future needs of IoT, the tech giant is innovating in new areas such as voice interface, LTE, and deep learning, Raj Talluri, senior vice president of Qualcomm for IoT Product Management, says, Digit reports.
Talluri adds that Qualcomm is focused on significantly expanding capabilities at the edge of the network. It does that by supporting everyday objects with connectivity, compute, and security technologies needed to build a powerful IoT with gadgets that are smart, convenient and work well together.
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