Qualcomm announces software business around its supply chain chips

Qualcomm Inc on Tuesday said it is launching a paid cloud software service to help companies that use its chips keep tabs on goods as they move through the supply chain.

The San Diego, California company is the world’s biggest provider of chips that help smartphones connect to mobile data networks. But Qualcomm has used its wireless communication specialty to enter other markets where devices need to talk to the internet, such as automobiles and factories.