QUALCOMM Incorporated (QCOM) Signs Deal with Tata Electronics to Produce Automotive Modules in India

Core Insights - Qualcomm Incorporated (NASDAQ:QCOM) is recognized as one of the 12 cheap technology stocks to invest in according to hedge funds [1] - The company has signed a deal with Tata Electronics to produce automotive modules in India, addressing the rising demand for automotive digital platforms [1] - Qualcomm plans to invest approximately $150 million in India to support its technology and AI startup ecosystem, focusing on sectors like automotive, IoT, robotics, and mobile [2] Group 1: Partnership and Production - Qualcomm has partnered with Tata Electronics to manufacture automotive modules at a new facility in Jagiroad, Assam, which will support the 'Make in India' initiative [1] - The collaboration aims to integrate Qualcomm's global module suppliers with Tata, focusing on technologies such as digital cockpits and infotainment systems [1] Group 2: Investment in AI and Technology - Qualcomm's investment of around $150 million will be channeled through Qualcomm Ventures, targeting startups that advance AI technologies [2] - The CEO of Qualcomm, Cristiano Amon, emphasized the importance of AI in enhancing everyday devices and systems, indicating a strategic focus on edge AI [2] Group 3: Company Overview - Qualcomm operates through three main segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI) [3]