IDG Contributor Network: Qualcomm sets up competition to stimulate IoT innovation

Large, profitable companies, once they’re firmly established in their markets, invest a lot of money in R&D to try to find next big things, new areas that will fuel the revenue growth of tomorrow. Qualcomm has done remarkably well in the mobile chip business and has spent more than $42 billion on R&D over the past three decades. More recently, the company has been focused on the Internet of Things (IoT), hoping to stimulate development that uses Qualcomm technology in this nascent,