Qualcomm Unveils New Line of Chips to Join the A.I. Boom

Qualcomm has not fared as well, partly because the smartphone market has not been growing much lately. But Cristiano Amon, the company's chief executive, has laid out several initiatives to diversify the business. Qualcomm helped invent core technology used in cellular networks, selling modem chips that phones use to communicate. The company later combined that ability with basic computing functions, using technology licensed from the British company Arm Holdings. More recently, Qualcomm has targeted phones and personal computers with chips tailored to handle machine learning, performing the mathematical calculations used for many A.I. functions.