Qualcomm is also announcing that its next-generation 800 series smartphone processor platform will include the X16 modem that supports gigabit LTE speeds will be available in the first half of next year boosting speed over the 600Mpbs. If those are virtual calculations, in the real world the tests ranged from 112 to 307Mbps, with a peak of 533Mbps which means notably faster than most people see on current devices.The first 5G compatible modem,the Snapdragon X50, is expected to be available in 2018 and will support speeds up to 5Gbps using the 28GHz millimeter wave band. Qualcomm says it will use the 2018 winter olympics in Korea as a test bed for 5G technology. Qualcomm was founded in 1985. Its first products and services included the OmniTRACS satellite locating and messaging service, used by long-haul trucking companies.