QUALCOMM Incorporated’s (QCOM - Free Report) subsidiary, Qualcomm Technologies, Inc., and Nokia Corporation (NOK - Free Report) recently announced that they achieved over-the-air (OTA) 5G NR data calls in the mmWave and sub-6 GHz spectrum bands. Notably, it is in compliance with the global 3GPP 5G NR Release 15 specification in NSA (Non-Standalone) mode.
Leveraging on Nokia AirScale base stations, and a test device supported by the Qualcomm Snapdragon X50 5G modem and antenna modules, the interoperability testing milestones were accomplished at Nokia’s 5G center of excellence based in Oulu, Finland. As a matter of fact, the successful OTA testing marks an important step for the commercial deployment of 5G services in 2019.
Qualcomm is one of the largest manufacturers of wireless chipset based on baseband technology. The company has been trying to retain its leadership position in 5G, chipset market and mobile connectivity, with multiple technological achievements and innovative product launches. The company’s improved and upgraded technologies will likely enable various firms to build new and updated products as well as services across the wireless ecosystem to better serve customers.
Of late, this Zacks Rank #1 (Strong Buy) stock, along with Verizon Communications Inc. (VZ - Free Report) and Ericsson (ERIC - Free Report) , completed the first Massive MIMO (Multiple Input-Multiple Output) trial, with a fully-compatible customer device. In the past six months, the company has returned 0.3%, underperforming the industry’s average growth of 3.5%.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Moreover, the company signed multiple licensing deals with various smartphone makers in China — including Xiaomi and Gionee Communication Equipment Co. Ltd. These new patent license agreements will lessen this chipmaker’s struggles in China and take the company a step closer to solving issues pertaining to its most profitable licensing patent business.
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