Qualcomm Inc/Dereason 01 of 4it owns a thing that cannot be built or permitted twicederived 2026-09-11accession 0000804328-26-000086
We derive a significant portion of our revenues from a small number of customers and licensees, and particularly from their sale of premium-tier handset devices
Apple purchases our MDM (or thin modem) products, which do not include our integrated application processor technology
we expect that Apple will increasingly use its own modem products, rather than our products, in its future devices, which will have a significant negative impact on our QCT revenues, results of operations and cash flows
Certain of our largest mobile handset customers (for example, Apple, Samsung and Xiaomi) develop their own integrated circuit products, which they have in the past utilized, and/or currently utilize, in certain of their devices
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedfive sentences · whole, uncut
the claims it rests on
“We derive a significant portion of our revenues from a small number of customers and licensees, and particularly from their sale of premium-tier handset devices”
“Apple purchases our MDM (or thin modem) products, which do not include our integrated application processor technology”
“we expect that Apple will increasingly use its own modem products, rather than our products, in its future devices, which will have a significant negative impact on our QCT revenues, results of operations and cash flows”
“Certain of our largest mobile handset customers (for example, Apple, Samsung and Xiaomi) develop their own integrated circuit products, which they have in the past utilized, and/or currently utilize, in certain of their devices”
what it was checked against
Apple vertical integration impact
“Additionally, we expect that Apple will increasingly use its own modem products, rather than our products, in its future devices, which will have a significant negative impact on our QCT revenues, results of operations and cash flows.”