Company Directory - Qualcomm Inc.
Company Details - Qualcomm Inc.
Qualcomm Inc.
WebsiteSan Diego, United States
ISIN: US7475251036
Qualcomm Inc. is a leading U.S.-based multinational corporation that designs and manufactures telecommunications equipment and semiconductors, playing a crucial role in the wireless technology sector, including the development of standards for mobile communications and semiconductor solutions.
CCI Score
CCI Score: Qualcomm Inc.
-7.31
Latest Event
Qualcomm 2024 Political Spending Profile
Data published by OpenSecrets details Qualcomm Inc.'s political contributions and lobbying expenditures in the 2024 cycle, with approximately $1,786,416 in contributions and $7,380,000 in lobbying spending, highlighting significant corporate political engagement.
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COLLABORATOR
Qualcomm Inc. is currently rated as a Collaborator.
Latest Events
- FEB192025
Data published by OpenSecrets details Qualcomm Inc.'s political contributions and lobbying expenditures in the 2024 cycle, with approximately $1,786,416 in contributions and $7,380,000 in lobbying spending, highlighting significant corporate political engagement.
-50
Political Contributions and Lobbying Efforts
April 12
The substantial lobbying expenditure combined with notable political contributions raises concerns about Qualcomm's influence on political processes, which can undermine democratic accountability and potentially support authoritarian agendas. Given the left‑leaning perspective that emphasizes resisting corporate capture of the political space, this pattern is evaluated negatively.
- FEB062025
Qualcomm Inc PAC contributed a total of $149,500 in the 2023-2024 election cycle, with approximately 39.80% going to Democratic candidates and 58.53% to Republican candidates, based on FEC data released on February 06, 2025.
-30
Political Contributions and Lobbying Efforts
April 12
The PAC contributions show a notable tilt towards Republican candidates (58.53%), which can be interpreted as support for political figures more aligned with authoritarian tendencies. Although a portion was donated to Democrats, the heavier weighting towards Republicans raises concerns in the context of anti-fascist values.
Qualcomm Inc PAC Contributions to Federal Candidates • OpenSecrets
- JAN012025
A benchmarking report by KnowTheChain notes that Qualcomm demonstrates average disclosure of its efforts to mitigate human trafficking and forced labor within its supply chain. The report commends robust practices in traceability and purchasing while also identifying room for further improvement.
+25
Supply Chain Ethics
April 12
The benchmarking report indicates that Qualcomm is moderately proactive in addressing supply chain risks related to human trafficking and forced labor through enhanced disclosure and robust traceability practices. This effort supports labor rights and protection of vulnerable worker communities, earning a positive score under Supply Chain Ethics.
- JAN012025
A recent benchmarking report by KnowTheChain indicates that Qualcomm has improved its disclosure and auditing of forced labor risks in its supply chains. Since 2016, the company has enhanced internal and supplier training, conducted risk assessments including forced labor evaluations, and increased the percentage of suppliers audited, earning it a tenth-place ranking among 40 companies.
+40
Supply Chain Ethics
April 12
The improvements in forced labor disclosure and audit practices indicate a positive shift in Qualcomm’s supply chain ethics. Enhanced transparency and risk assessments play a critical role in mitigating forced labor risks, thereby aligning with progressive, anti-authoritarian business practices that protect workers and marginalized communities.
- OCT132023
Qualcomm Inc. announced the elimination of 1,258 positions across its San Diego and Santa Clara offices, including over 750 engineering roles, as part of a restructuring aimed at cost reduction and continued investment in growth amid macroeconomic uncertainty.
-50
Labor Relations and Human Rights Practices
April 12
The large-scale layoffs represent a significant blow to worker rights and job security. Reducing the workforce by over 1,200 positions, including a disproportionate impact on engineering and director-level staff, underscores a prioritization of cost-cutting and restructuring over the welfare of employees. This approach is detrimental from a labor rights perspective in an era where supporting fair labor practices is crucial.
- JAN012023
A report from OpenSecrets details that Qualcomm Inc spent $7,220,000 on lobbying activities in 2023, engaging public relations firms and former government staffers to influence U.S. policy. This expenditure raises concerns about corporate influence on democratic processes.
-70
Political Contributions and Lobbying Efforts
April 12
The report highlights that Qualcomm Inc spent over $7 million on lobbying in 2023. Extensive lobbying spending is indicative of attempts to shape policy and political decisions, which can undermine democratic accountability and potentially enable authoritarian influences. From an anti-fascist perspective, such financial influence on policy-making is concerning.
- JAN012017
A detailed disclosure provided by Qualcomm outlines its adherence to the RBA Code of Conduct, comprehensive audits, training, and grievance mechanisms to address forced labor, human trafficking, and worker rights in its supply chain.
+80
Labor Relations and Human Rights Practices
April 12
Qualcomm’s disclosure provides extensive details on how it protects labor rights by implementing the RBA Code of Conduct, regular audits, training programs, and a grievance mechanism. This demonstrates strong adherence to in-house human rights practices for its workforce and suppliers, aligning with progressive labor standards.
PDF Name of company: Qualcomm Incorporated - Business & Human Rights ...
+80
Supply Chain Ethics
April 12
The document outlines Qualcomm’s detailed supply chain management practices, including supplier selection criteria, cascading of ethical standards, and periodic audits. These measures ensure that suppliers adhere to ethical labor practices, thereby strengthening its commitment to combat forced labor and human trafficking.
PDF Name of company: Qualcomm Incorporated - Business & Human Rights ...
- FEB222013
In a move towards greater transparency, Qualcomm introduced a policy to disclose its full range of political contributions. This policy change led New York State Comptroller Tom DiNapoli to drop his lawsuit against the company, and he commended Qualcomm for setting a high standard in corporate political spending disclosure.
+70
Political Contributions and Lobbying Efforts
April 12
Qualcomm's decision to fully disclose its political contributions significantly enhances transparency in its political engagements. This increased openness allows for better public scrutiny, reducing the risk of undisclosed support for authoritarian or extremist activities. The positive reception by State Comptroller Tom DiNapoli reinforces that this move aligns with democratic accountability and anti-fascist principles.
Qualcomm Agrees to Disclose Political Contributions; Comptroller Drops Lawsuit
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Corporate Financials
- Revenue
- 2025
- $29.00B
- Total Assets
- 2025
- $75.00B
- Operating Income
- 2025
- $12.00B
- Total Equity
- 2025
- $49.00B
Industries
- 541511
- Custom Computer Programming Services
- 541512
- Computer Systems Design Services
- 517919
- All Other Telecommunications
- 334410
- Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing