$QCOM: New PC Security Chip Targets Enterprises — Yet $75M Antitrust Settlement Persists

Court: S.D. California

Case: 3:17-cv-00121

Qualcomm QCOM unveiled its Snapdragon X2 Elite chip for laptops, featuring a first-of-its-kind Guardian security system aimed at enterprise customers. The feature allows IT departments to connect to devices remotely—even if powered off—by pairing Qualcomm’s processors with built-in 5G connectivity. Analysts say this unique integration could attract corporate fleet buyers, positioning Qualcomm as a stronger rival to Intel in the PC market. While innovation is driving optimism, Qualcomm is still dealing with investor concerns tied to a $75 million settlement over anticompetitive practices and reporting controls.

• Snapdragon X2 Elite announced, shipping in 2026.
• Guardian feature enables IT remote access even when devices are off.
• 5G modem integration gives Qualcomm edge in enterprise PC security.
• Expanding into PC market to challenge Intel and Apple dominance.
• $75M investor settlement over antitrust claims remains a backdrop.

Timeline Overview

• Jan 17, 2017 — FTC files complaint against Qualcomm over licensing tactics.
• Jan 18, 2017 — Reports surface of unfair competitive practices.
• Jan 19, 2017 — QCOM stock falls 18.3%.
• Jan 23, 2017 — Investors file lawsuit over anticompetitive practices.
• Nov 8, 2024 — Class period ends.
• 2025 — Qualcomm agrees to a $75M settlement with investors.

Allegations Include

• Overcharging for licenses and restricting fair access.
• Refusing to sell chips without restrictive terms.
• Offering reduced royalties to Apple for exclusivity.
• Weak internal financial reporting controls.

Investor Update

The $75 million settlement resolves investor claims tied to anticompetitive conduct and disclosure weaknesses. While the settlement closes one chapter, Qualcomm’s enterprise push via Guardian-enabled chips signals a strategic pivot, but investors must weigh competitive and regulatory risks.

You can check more information about it HERE.