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Qualcomm (QCOM) Unveils Cellular Vehicle-to-Everything Chip

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Leading wireless chipset manufacturer, Qualcomm Inc.’s (QCOM - Free Report) subsidiary, Qualcomm Technologies, has unveiled a new chipset — the C-V2X (Cellular Vehicle-to-Everything).

The 9150 C-V2X chipset is compatible with 4G and budding 5G cellular standards to send messages between vehicles and infrastructure.

Furthermore, the chip is designed for short-range vehicle direct communications as it uses the 5.9GHz spectrum to connect Vehicle-to-Vehicle, Vehicle-to-Infrastructure and Vehicle-to-Pedestrian, thus improving situational awareness.

Consequently, C-V2X will compliment Advanced Driver Assistance Systems sensors like cameras, radar and more to give information about the vehicle's surroundings also in case of non-line-of-sight scenario.

Qualcomm has also come up with a C-V2X reference design, which embraces the 9150 C-V2X chipset with integrated Global Navigation Satellite System facility and an application processor running the Intelligent Transportation Systems V2X stack and a Hardware Security Module.

This new chipset is designed to improve road safety, and enhance autonomous driving and connected services as well as reduce traffic congestion. It will be available for commercial testing in late 2018.

In fact, with such strategic ideas Qualcomm visualizes a world where artificial intelligence would make devices, machines and automobiles smarter, thus simplifying and enriching people’s daily lives.

Zacks Rank & Price Performance

Shares of Qualcomm have declined 13.0% compared with the industry’s fall of 7.2%. The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Stocks to Consider

Investors interested in the broader Computer and Technology sector may consider better-ranked stock like Arista Networks, Inc. (ANET - Free Report) , America Movil SAB (AMX - Free Report) and Motorola Solutions, Inc. (MSI - Free Report) .

Arista Networks currently sports a Zacks Rank #1 and projects earnings per share (EPS) growth rate of 19.3%, over the next three to five years. 

America Movil and Motorola Solutions both currently carry a Zacks Rank #2 (Buy). Both the companies expect EPS growth rate of 55.9% and 5.2%, respectively, over the next three to five years.

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