1. Qualcomm is a leading RF chip company with a strong history in phone technology and is currently supporting the 5G build-out. 2. The company's growth is driven by its QCT and QTL segments, focusing on RF chip design and IP licensing, respectively. 3. Despite some concerns, including potential competition from Apple and IP challenges, Qualcomm's future growth may be powered by the Internet of Things (IoT), which could lead to significant RF sales.