Qualcomm announced Wednesday what it is calling a "Strategic Realignment Plan," which involves slashing costs and making some cuts in workforce, along with a realignment of its board, better return of capital to stockholders and a revamped executive compensation plan.
As rumors swirl about possible layoffs at Qualcomm, the chip maker is moving ahead with an investment in mobile startup Workspot.
Intel, the chip powerhouse for PCs, has been struggling to gain a significant foothold in the mobile chip market dominated by Qualcomm.
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Due to its leading position as a smartphone and LTE baseband processor supplier, Qualcomm convincingly retained the third spot in the global semiconductor market, posting $17.2 billion in revenue last year, up 30.6 percent year-over-year.
While Intel, Marvell, MediaTek, Qualcomm and Nvidia announced their first 64-bit mobile processors at the 2014 Mobile World Congress, Android smartphones running 64-bit chips are unlikely to hit the market before the second half of the year, judges ABI Research.
The top 20 players in the mobile health market generated $2.8 billion in revenues last year, according to market research firm Visiongain.
Check out the hottest mobile IT news for Friday the 13th.