By Stephen Nellis and Arsheeya Bajwa SAN FRANCISCO (Reuters) -Chip designer Qualcomm on Wednesday forecast quarterly sales and profit above market expectations as premium smartphone sales rebounded, but a possible loss of business next year from Samsung, a key customer, sent its shares down after ​hours. Qualcomm is among the world's biggest suppliers of modem chips that connect smartphones to wireless data networks. For the current fiscal first quarter ending in ‌December, Qualcomm said it expects sales ...

Core Insights - Qualcomm is acquiring Arduino to strengthen its position in the robotics industry and gain access to a broader range of developers and startups [1][2][3] - The acquisition allows Qualcomm to tap into the prototyping and testing phase of robotics development, which is crucial for future commercial product launches [2][4] - The move is part of Qualcomm's strategy to diversify its revenue streams away from mobile chips, especially as the smartphone market faces challenges [4] Group 1: Acquisition Details - Qualcomm did not disclose the financial terms of the acquisition, but Arduino will operate as an independent subsidiary [2] - Arduino's products are primarily used for prototyping and cannot be used for commercial products, making them popular among hobbyists and startups [2] Group 2: Strategic Goals - Qualcomm aims to build loyalty and legitimacy among startups and builders in the robotics sector, as the demand for powerful chips for AI applications grows [3] - The company is looking to leverage its IoT and automotive business, which together accounted for 30% of overall revenue from chip sales in the most recent quarter [5]