A smartphone with a displayed Qualcomm logo is placed on a computer motherboard in this illustration taken March 6, 2023.
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 20 (Reuters) - Qualcomm (QCOM.O) on Wednesday said it was getting into a new market for Wi-Fi routers and that Charter Communications (CHTR.O) and the UK's EE will be among its first customers.
San Diego, California-based Qualcomm is the world's biggest supplier of the chips that help mobile phones connect to cellular data networks, but it has also long had a business selling Wi-Fi chips for consumer Wi-Fi routers.
EE and Charter, which goes by the name Spectrum in the broadband market, said they will both use routers from Qualcomm starting next year.
Qualcomm did not disclose the price of the acquisition, saying it too small to be material to its financial results.
Persons:
Dado Ruvic, Rahul Patel, Stephen Nellis
Organizations:
Qualcomm, REUTERS, Communications, Netflix, Reuters, OptiCore Technologies, Thomson
Locations:
San Diego , California, San Francisco