Qualcomm announced plans to modify its corporate structure. The corporate structure changes are being implemented, among other reasons, in order to enhance Qualcomm's ability to quickly deliver products to its customers, while further protecting and insulating its valuable patent portfolio from any claims resulting from actions and activities by portions of the company other than the Qualcomm Technology Licensing Division. Qualcomm is not undergoing this restructuring in anticipation, or as part, of spinning out either the QTL or QCT business, nor is this change in response to any third party actions or claims. The new corporate structure will feature the parent company, Qualcomm Incorporated, which includes QTL and corporate functions, as well as most of Qualcomm's patent portfolio; and a new wholly owned subsidiary, Qualcomm Technologies, which, along with its subsidiaries, will operate substantially all of Qualcomm's research and development activities, as well as product and services businesses, including its semiconductor business, QCT. The change in Qualcomm's corporate structure generally formalizes the way the company has been operating, and will continue to operate, its primary businesses.
Global investors are on hold, waiting for comments from the Federal Reserve’s policy-making arm on when the central …