Core Insights - Qualcomm is expanding its presence in the utility and critical infrastructure market through a partnership with Anterix, aiming to accelerate the adoption of next-generation private wireless networks for utilities across the U.S. [1][8] Group 1: Partnership and Technology - Qualcomm will provide industrial-grade IoT chipsets, including the Snapdragon SDX35-3 and SDX32-3 modems, designed for large-scale utility deployments, enhancing mission-critical connectivity [2][8] - The Snapdragon X62 modem offers high-speed 5G connectivity with power-efficient performance, suitable for large-scale utility and industrial applications [3] - Qualcomm's 9205S modem supports cellular and satellite connectivity with low-power operation, aiding utilities in maintaining reliable coverage for smart meters and grid monitoring [3] Group 2: Market Trends - The private wireless and industrial IoT markets are rapidly growing as utilities transition to secure, low-latency LTE and 5G networks, with companies like Easymetering utilizing Qualcomm's SDX35-3 modem for advanced metering solutions [4] Group 3: Competitive Landscape - Qualcomm faces competition from Intel and Broadcom, with Intel promoting AI-enabled edge computing and rugged processors for smart grids, and Broadcom providing networking and custom chip solutions for industrial communications [5][6] Group 4: Financial Performance - Qualcomm shares have decreased by 5.7% over the past year, contrasting with the industry's growth of 59.7% [7] - The company's shares currently trade at a price/earnings ratio of 12.83, lower than the industry's 31.67 [10] - Earnings estimates for fiscal 2026 have declined by 7.5% to $11.18, while estimates for fiscal 2027 have decreased by 8.8% to $11.41 [11]