Qualcomm Incorporated QCOM has unveiled state-of-the-art Snapdragon 7 Gen 3 chipsets with advanced AI features for mid-range smartphones. Collaborating closely with leading manufacturers, the company has identified the most in-demand and sought-after features from its more powerful counterpart, Snapdragon 8 Gen 3, which are aligned with the evolving end-market trends. Leveraging these insights, Qualcomm has introduced improved AI features such as AI Denoiser and AI Remosaic. These intelligent features generate images with enhanced clarity, optimize image processing and eliminate the need for manual editing.
The chipset includes the Qualcomm Spectra Triple image signal processor, which immensely boosts 4K DR video quality. Apart from the cutting-edge camera functionalities, it also incorporates spatial audio features with head-tracking capability, which will bring an immersive audio experience to users. Owing to these premium attributes, the product is already getting attention from major manufacturers, with HONOR and VIVO, two prominent Chinese smartphone makers, set to become the first to incorporate the chipsets into their products.
Featuring maximum CPU speeds of 2.3 GHz and delivering a 60% increase in performance per watt compared with previous generation products, this latest chip series is engineered to optimize both performance and power efficiency. This makes it suitable for mobile handset makers looking to expand their customer base by delivering a premium user experience.
Qualcomm is one of the largest manufacturers of wireless chipsets based on baseband technology. The company is focusing on retaining its leadership in 5G, chipset market and mobile connectivity with several technological achievements and innovative product launches. It is likely to help users experience a seamless transition to super-fast 5G networks, delivering low-power resilient multi-gigabit connectivity with unprecedented range and Qualcomm's best-in-class security. This, in turn, will further offer the flexibility and scalability needed for broad and fast 5G adoption through accelerated commercialization by OEMs.
Qualcomm is reportedly the only chipset vendor with 5G system-level solutions spanning both sub-6 and millimeter wave bands and one of the largest RF (radio frequency) front-end suppliers with design wins across all premium-tier smartphone customers. With the rollout of 5G technology, it is benefiting from investments toward building a licensing program in mobile. The company is well-positioned to meet its long-term revenue targets, driven by solid 5G traction, greater visibility and a diversified revenue stream.
Shares of the company have gained 4.8% in the past year against the industry’s decline of 3.8%.
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Qualcomm currently carries a Zacks Rank #3 (Hold).
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