Qualcomm Invests in Battery Company With Lithium-Ion Safety Technology

Qualcomm made an undisclosed strategic investment in Amionx, whose Safe Core battery technology is said to prevent lithium-ion batteries from sparking a fire or explosion, it announced Tuesday. Safe Core can be implemented in existing battery manufacturing factories without additional capital cost and with minimal add-on cost to the bill of materials, it said. As part of the investment, Qualcomm President Derek Aberle will join the Amionx board. Estimated annual revenue for lithium-ion batteries is $35 billion, Qualcomm said.