Qualcomm Introduces Snapdragon-Driven 5G PC With Lenovo
Zacks Investment Research | May 27, 2019 08:42AM ET
Marking the inception of a new era in computing, Qualcomm Incorporated (NASDAQ:QCOM) , along with Lenovo, recently introduced the world’s first 5G PC at Computex Taipei 2019. Notably, the chip maker collaborated with the leader in PCs to bring innovation to the PC ecosystem.
Dubbed Project Limitless, the PC is powered by the Qualcomm Snapdragon 8cx 5G compute platform — the world’s first 7nm platform purpose-built for PCs that offers 5G connectivity. The Snapdragon 8cx delivers excellent performance, battery life and connectivity. It features the Snapdragon X55 5G modem and Qualcomm’s RF Front-end, a comprehensive solution that allows OEMs to bring 5G connectivity to even the thinnest form factor. Users can experience peak download speeds of up to 7 Gbps without a Wi-Fi connection or hotspot.
Qualcomm’s collaboration with Lenovo will likely deliver transformative PC user experiences for both consumers and enterprises. Reportedly, the Snapdragon 8cx 5G platform with the X55 5G modem supports the fastest 4G connectivity available today. The modem supports Category 22 LTE, achieving peak download speed of up to 2.5 Gbps.
Qualcomm continues to execute its strategic objectives, including driving the global transition to 5G, protecting the value of its technology and expanding into new industries and product categories for future growth. It has redefined the computing and mobile ecosystem across the globe with the launch of QCA6390 Connectivity system-on-a-chip product. This game-changing and arguably the most advanced integrated offering from the company is likely to deliver path-breaking performance in the 5G era and provide it a competitive advantage against rivals.
Qualcomm has long-term EPS growth expectation of 13.7%. Driven by diligent execution of operational objectives, the stock has returned 10.4% on average compared with the Zacks Investment Research
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