QUALCOMM Incorporated (QCOM) Announces New Chips for PC's and Phones

​QUALCOMM Incorporated (NASDAQ:QCOM) is one of the Most Undervalued Growth Stocks to Buy According to Hedge Funds. On September 24, Reuters reported that QUALCOMM Incorporated (NASDAQ:QCOM) had announced new chips for PCs and phones, including a laptop chip with a unique security feature.

​The report highlights that the key new product is the Snapdragon X2 Elite chip, set to ship next year. The chip targets businesses with a feature called Guardian that lets IT departments securely access laptops or desktops even when they are turned off. This allows easy updates and tech support remotely.

​Moreover, QUALCOMM Incorporated (NASDAQ:QCOM) is also expanding in the PC Market and is competing with Apple by making energy-efficient chips for Windows laptops and desktops. The company’s strategic advantage is pairing the Guardian security feature with its 5G modem chips.

​QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells key technologies for wireless communication, including 3G, 4G, and 5G networks.

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Disclosure: None. This article is originally published at Insider Monkey.