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Qualcomm’s new CEO eyes dominance in the laptop markets

by capitalizefinancial
July 2, 2021
in Markets
0

Qualcomm Inc’s new chief thinks that by next year his company will have just the chip for laptop makers wondering how they can compete with Apple Inc, which last year introduced laptops using a custom-designed central processor chip that boasts longer battery life.

Longtime processor suppliers Intel Corp and Advanced Micro Devices have no chips as energy efficient as Apple’s. Qualcomm Chief Executive Cristiano Amon told Reuters on Thursday he believes his company can have the best chip on the market, with help from a team of chip architects who formerly worked on the Apple chip but now work at Qualcomm.

In his first interview since taking the top job at San Diego, California-based Qualcomm, Amon also said the company is also counting on revenue growth from China to power its core smartphone chip business despite political tensions.

“We will go big in China,” he said, noting that U.S. sanctions on Huawei Technologies Co Ltd give Qualcomm an opportunity to generate a lot more revenue.

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