Qualcomm Inc on Monday announced 5G networking chips for a range of applications beyond smart phones, aiming to bolster a business that has lost Apple Inc as a major customer and faces unprecedented levels of competition.

San Diego-based Qualcomm is the world’s biggest supplier of mobile phone chips and has told investors it expects a big boost from 5G networks, which will start rolling out this year and feature higher speeds than current 4G networks…

Qualcomm also announced a new set of chips aimed at automakers on Monday. Qualcomm’s existing chips help cars connect to the internet, but the 5G chips are expected to connect cars to other vehicles on the road as well as objects such as traffic signs and signals as vehicles gain new levels of autonomous navigation.
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