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Qualcomm (QCOM. US) launched cloud software services around its supply chain chips

Update time : 2023-02-24 17:43:34

It was learned that Qualcomm (QCOM. US) said on Tuesday that it would launch a paid cloud software service to help companies using its chips monitor goods in the supply chain.

This new service, called Qualcomm Aware, works with Qualcomm chips, which are used for tracking equipment in containers, pallets, packages and other parts of the supply chain, to help enterprises track the location of their goods and materials.
It is said that most of these trackers are manufactured by third parties, but Qualcomm also has some self-made equipment, such as a tilt sensor that can be installed on the pole to report whether the pole collapsed in the storm.
Jeff Torrence, senior vice president of Qualcomm and general manager of smart connectivity business, said in an interview that Qualcomm had shipped hundreds of millions of related chips, and the cost of each chip was usually less than $10.
The software service announced on Tuesday aims to allow Qualcomm customers to program their chips from a central point and send updates to the chips wirelessly. The service also aims to make better use of data from chips.
Torrence said that Qualcomm's software will be connected to other cloud-based services, such as Microsoft's (MSFT. US) Dynamics 365 service, which enterprises can use to monitor inventory and supply.
Enterprises can also use these two systems to build virtual dashboards and other tools to display the location of all enterprise inventories at a specific time.
Qualcomm has not publicly announced the pricing of this new service, but it represents a development direction, that is, after the chip is sold, it will charge for cloud services using the chip, so as to earn more revenue from the chip.
Torrence said: "We believe that chips and cloud services are valuable."

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