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Qualcomm Extends Its Reach to Electric Vehicles

What does Qualcomm (NASDAQ: QCOM ) have to do with electric vehicles — specifically, open-wheeled race cars powered exclusively by electricity?

That’s just what Motley Fool analyst Rex Moore asked Qualcomm president Derek Aberle at the first public demonstration of Formula E’s new fully electric race car. The Spark-Renault SRT_01E debuted at the Mandalay Bay Resort & Casino in Las Vegas during CES. Qualcomm is an “official founding technology partner” of the FIA Formula E Championship.

In this video, Aberle explains that Qualcomm is involved in the development of wireless charging technology, as well as mobile solutions that will enhance communications during racing events.

A full transcript follows…
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