QUALCOMM (QCOM): Board Approves New $20.0 billion Stock Repurchase Authorization

Group 1 - Qualcomm Incorporated (NASDAQ:QCOM) announced a new $20.0 billion stock repurchase authorization, supplementing its existing stock repurchase program initiated in November 2024 [1][2] - The company's Board approved an increase in the quarterly cash dividend from $0.89 to $0.92 per share, raising the annualized dividend payout to $3.68 per share [2] - Qualcomm Technologies, Inc. entered into a technical collaboration with Wayve to develop an advanced production-ready ADAS and AD system for automakers, enhancing hands-off driving assistance capabilities [3] Group 2 - Snapdragon Ride supports a wide range of long-term platform strategies, allowing automakers to standardize across programs and regions while maintaining flexibility [4] - Qualcomm is recognized as a global leader in the development and commercialization of foundational technologies for the wireless industry, focusing on semiconductors, software, and services for mobile devices, automotive, and the Internet of Things (IoT) [4]