Qualcomm Expectations | 'Internet of Things' | Chips will contribute more than $1 billion in revenue this fiscal year

Reuters August 3 - Qualcomm said on Thursday that it is expected that smart chips, semiconductor chips connected to speakers and other devices other than the core business of mobile phone chips will bring more than $1 billion in revenue to the company this fiscal year.

The latest figures show that Qualcomm can still diversify its revenue sources after acquiring the Dutch chipmaker NXP Semiconductors last month.

Qualcomm shares rose 0.17% on Friday, at $64.88.

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