Blog Coverage Qualcomm and TDK Announced the Formation of RF360 Holdings, Set to Address the RFFE Industry

Upcoming AWS Coverage on ARRIS International Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 6, 2017 / Active Wall St. blog coverage looks at the headline from QUALCOMM Inc. (NASDAQ: QCOM) as the Company and TDK Corporation announced on February 03, 2017, the completion of the previously announced joint venture, RF360 Holdings PTE Ltd on January 12, 2016. The venture will facilitate Qualcomm’s RFFE ( RF Front-End Control Interface) unit to deliver RF front-end modules and RF filters into fully integrated systems for mobile devices and rapidly growing business segments, including the Internet of Things (IoT), automotive applications, connected computing, and other segments. Register with us now for your free membership and blog access at:

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One of QUALCOMM’s competitors within the Communication Equipment space, ARRIS International PLC (NASDAQ: ARRS), announced on January 31, 2017, that it will release its Q4 2016 financial results after the market close on Wednesday, February 22, 2017. ARRIS’ management will also conduct a conference call at 5:00 p.m. ET on the same day to discuss these results. AWS will be initiating a research report on ARRIS International in the coming days.

Today, AWS is promoting its blog coverage on QCOM; touching on ARRS. Get all of our free blog coverage and more by clicking on the links below:

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The Agreement

The joint venture, RF360 Holdings, will have a comprehensive set of filters and filter technologies, including surface acoustic wave (SAW), temperature compensated surface acoustic wave (TC-SAW) and bulk acoustic wave (BAW), hence supporting a longer range of frequency bandwidth deployed across multiple networks across the globe. RF360 Holdings will enhance the delivery of free modules, a flagship of Qualcomm Technologies, Inc. (QTI) which will include front-end components designed and developed by the Company.

The component pipeline from QTI includes CMOS, SOI, and GaAs Power Amplifiers, along with a diverse portfolio of Switches, Antenna Tuning, Low Noise Amplifiers and the segment’s leading Envelope Tracking solution. Through the joint venture, QTI will be effectively positioned to design and supply products through a uniquely integrated system.

RF360 Holdings will operate as a Singapore corporation and have a global presence with R&D and manufacturing and/or sales locations across Europe and Asia with headquarters in Munich, Germany.

A Dynamic Industry

Mobile Communications is turning out to be the most dynamic and rapidly moving global industries. The current batch and the future smartphones support multiple frequency bands for 2G, 3G, and 4G LTE, where it offers connectivity for wireless LAN, satellite navigation, Bluetooth, and more. With the rapid convergence of IoT and 4G mobile communications, manufacturers of wireless solutions view rapid developments to facilitate miniaturization, integration, and performance, especially for RFFE in these devices. The implementation of 5G will add to the complexity of frequency bands and omnichannel integration, hence, asking for a unified solution. The joint venture will address the particular industry and support the increasing complexity in the RFFE.

An Extended Collaboration

This agreement is viewed as an extension of technological cooperation between the two Companies. Hence, the agreement will probably extend beyond the joint venture and cover a wide range of cutting-edge technologies for next-gen mobile communications, IoT, and automotive applications. The collaboration will offer penetration into several attractive future markets such as sensors, MEMS (Micro-Electro-Mechanical Systems), wireless charging and batteries.

Qualcomm owns 51% of the joint venture RF360 Holdings, while the EPCOS, a wholly-owned TDK subsidiary, holds the ownership of the remaining 49%. After 30 months, Qualcomm will hold the option to purchase the balance of RF360 Holdings for an estimated $3 billion.

The Lawsuit Case

On January 23, 2017, Qualcomm’s stocks dipped 12.63% at $54.95 owing to the word that Apple Inc. (NASDAQ: AAPL) is suing Qualcomm for $1 billion license royalties. Apple accused Qualcomm of withholding $1 billion in rebates under a deal to keep Qualcomm modems in Apple products, including iPhone and iPad.

Earnings Update and Q1 FY17 Results

Qualcomm recently announced its Q1 FY17 results, ending on December 25, 2016, on January 25, 2017. The Company reported revenues of $6.0 billion for the three-month period up 4.0% on a y-o-y basis, GAAP EPS of $0.46, and non-GAAP EPS of $1.19. Prior to the Q1 FY17 update, Qualcomm announced a quarterly cash dividend of $0.53 per common share on January 12, 2017. The dividend will be payable on March 22, 2017, following the close of business on March 01, 2017.

Stock Performance

QUALCOMM’s stock is trading slightly up by 0.61%, closing last Friday’s session at $52.98. A total volume of 10.96 million shares exchanged hands. The company’s shares gained 20.18% in the last twelve months. The Company’s shares are trading at a PE ratio of 16.15 and have a dividend yield of 4.00%. At its last closing price, the stock’s net capitalization stands at $78.25 billion.

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