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Bloomberg Talks
Qualcomm President/CEO Cristiano Amon Talks New Markets and Future Revenue
Nov 20, 2024
Cristiano Amon, President and CEO of Qualcomm, shares insights on diversifying the company's focus beyond smartphone chips into automotive and IoT markets. He discusses projected revenue growth of $22 billion by 2029 and the importance of capitalizing on technology demand in vehicles. Amon also navigates the complexities of the semiconductor sector in China amidst geopolitical tensions, emphasizing Qualcomm's resilience. He reassures investors about strategic shifts away from Apple, exploring new opportunities in AI and premium devices.
12:49
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Quick takeaways
- Qualcomm aims to generate an additional $22 billion in revenue by targeting automotive chips and the Internet of Things markets.
- Despite risks like market cyclicality, Qualcomm remains optimistic about growth in premium smartphone sales and new markets.
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