The company Qualcomm established in July 1985 by Irwin Jacobs and Seven at San Diego, California, the United States. Qualcomm is an American multinational company, it aims to design, develop semiconductors and market wireless telecommunications equipment's and services. Qualcomm derives most of its revenue from chip making and patent licensing businesses. Qualcomm has offices at almost 33 countries with a global workforce of approximately 35,400 employees. For the fiscal year 2018, Qualcomm reported annual revenue of US$21.301 billion, an increase of 2% over the previous fiscal cycle. Its shares traded between $51 and $75 per share, and its market capitalization at the end of fiscal 2018 was valued at US$105 billion. In the Fortune 500 list, the company ranks as 133rd in revenues among the largest US corporations. The company is focused on various industries like automotive, education, healthcare, networking, Internet of Everything, mobile computing, smart homes, smart cities, smart homes, and wearables. Qualcomm’s products include Gobi, Hy-Fi, IPQ, IZat, Powerline, Snapdragon, Small Cells, VIVE, Wi-Fi platforms, Mirasol, Pixtronix, AllPlay, 2net, Brew, HealthyCircles, QChat, QLearn, RaptorQ, Vuforia, Halo, and WiPower. In this paper, we are analysing business strategies of Qualcomm by studying various things like the corporate history, financial strategy, STEEP and SWOT analysis, target markets, key company challenges and legal issues of Qualcomm.