Qualcomm CEO Predicts AI Smartphones Will Be Ubiquitous Within Five Years, Emphasizes Company's Diversified Growth

Qualcomm CEO Predicts AI Smartphones Will Be Ubiquitous Within Five Years, Emphasizes Company's Diversified GrowthQualcomm officially unveiled its flagship Snapdragon 8 Gen 2 for Galaxy processor yesterday, featuring a 45% AI performance improvement and a 45% increase in power efficiency thanks to the Qualcomm Hexagon NPU. Following the launch event, Qualcomm CEO Cristiano Amon stated that AI smartphones will become commonplace within the next five years

Qualcomm CEO Predicts AI Smartphones Will Be Ubiquitous Within Five Years, Emphasizes Company's Diversified Growth

Qualcomm officially unveiled its flagship Snapdragon 8 Gen 2 for Galaxy processor yesterday, featuring a 45% AI performance improvement and a 45% increase in power efficiency thanks to the Qualcomm Hexagon NPU. Following the launch event, Qualcomm CEO Cristiano Amon stated that AI smartphones will become commonplace within the next five years.

In a video released today by Bloomberg, Amon said in an interview: "Within five years, we'll all probably have an AI phone." He pointed out that the current challenge is awaiting the emergence of application scenarios, a similar situation that occurred during the transition to smartphones.

Amon declined to comment on reports suggesting he's considering a full or partial acquisition of Intel. Instead, he highlighted the progress Qualcomm has made expanding its operations beyond its core smartphone processor business into automotive, computing, and industrial fields. "We went from phones to cars, to PCs, and now to industrial. We've done this completely organically. We think our trajectory is very competitive."

According to previous reports from IT Home, rumors surfaced in September that Qualcomm was interested in acquiring Intel, but the deal is not yet finalized. Intel has not yet agreed to any such proposal.

Intel once held the title of the world's largest chipmaker but has been struggling for years, with its decline accelerating in 2024. In August, Intel released disappointing financial results, causing its share price to suffer its largest single-day drop in over 50 years. Intel's stock price has fallen by 53% this year as investors question the company's costly chip manufacturing and design plans.

Amon's prediction of widespread AI smartphone adoption is grounded in Qualcomm's leadership position in the chip industry and its insights into future technological advancements. The release of the Snapdragon 8 Gen 2 for Galaxy processor and its significant AI performance enhancements demonstrate Qualcomm's leading role in driving AI technology development.

Beyond its continued focus on the mobile phone market, Qualcomm actively expands into other sectors like automotive, computing, and industrial. This strategy allows Qualcomm to seize more market opportunities and lay a solid foundation for future growth.

Intel's current situation reflects the intense competition in the technology sector and the immense challenges faced by chip manufacturers. Qualcomm's leading position in the chip industry and its diversified business strategy equip it to better navigate future challenges and capitalize on new opportunities.

In conclusion, Qualcomm's leadership in the chip industry and its understanding of future technological advancements instill confidence in its vision of AI smartphone ubiquity. Qualcomm's diversified business strategy provides solid support for its future growth.