Back to All
OnQ Blog

Qualcomm CEO Cristiano Amon shares the company’s vision and growth opportunities in 2024 and beyond

At its annual shareholder meeting, Qualcomm focuses on delivering intelligent computing everywhere and enabling generative AI to tackle the world’s most important challenges
Mar 8, 2024
3 min read
Editor’s note: The following is a full transcript from the Qualcomm 2024 Annual Meeting of Stockholders held on March 5.

 

CRISTIANO AMON: Thank you for joining us today. I am delighted to discuss our vision and opportunities with you.

Qualcomm’s focus is to deliver intelligent computing everywhere, helping the world tackle its most important challenges. In 2023, we made significant strides in executing our strategy. Our proven solutions continue to drive transformation across major industries, and our Snapdragon platforms power extraordinary consumer and enterprise experiences.

Building on our nearly 40-year history of era-defining innovation, our leading technologies include advanced wireless connectivity, high-performance, low-power compute and on-device intelligence. Together with our ecosystem partners, we are enabling next-generation digital transformation that can enrich lives, improve businesses and advance societies.

A revolutionary development last year was generative AI (Gen AI), and we are witnessing an unprecedented pace of innovation and adoption. We believe the impact will be significant as Gen AI applications become indispensable companions and business enablers. 

Qualcomm is helping drive the evolution of Gen AI to run on-device, in addition to the cloud, transforming how we interact with our devices and making the user experience more natural, precise, personalized, reliable and private.

 

We are bringing Gen AI capabilities to smartphone users worldwide. Our leadership in premium- and high-tier Android devices continues with our latest Snapdragon mobile platforms, which now feature significantly enhanced AI processing performance. We also believe the AI revolution will extend beyond smartphones.

This year will be an inflection point for the PC industry with the arrival of next-generation PCs and a redefined Windows experience featuring Copilot, an AI companion that intelligently adapts to your needs. Purpose built for this new opportunity, the Snapdragon X Elite — our first implementation of the custom Qualcomm Oryon CPU — features industry-leading AI performance, and significant improvements in performance and battery life. It is poised to set the industry benchmark for on-device Gen AI and Copilot experiences.

Our breakthrough technologies are also helping to enable the future of spatial computing, and our Snapdragon platforms remain the preferred choice for leading virtual-reality, mixed-reality and augmented-reality designs. The convergence of physical and digital spaces continues to be a strong opportunity. 

While the digital transformation of industries is still in the early phases, the scale of the opportunity for Qualcomm in the long term across many verticals is significant. As we position ourselves for growth in one of our largest addressable opportunities, we are accelerating investments in ecosystem development and broad channel enablement.

 

In networking, we are a leader in Wi-Fi technology across enterprise, home networks and broadband gateways, and are well positioned for the transition from Wi-Fi 6 and 6E to Wi-Fi 7 later this year. And we are also driving next-generation broadband with our 5G Fixed Wireless Access solutions which offer operators the most efficient means of connecting the last mile.

Lastly, in automotive, the industry continues to evolve at an unprecedented rate, driven by the adoption of digital technologies. The software-defined vehicle is at the core of this transformation, offering automakers a significant opportunity to deliver enhanced connectivity, improved safety and security features, increased levels of autonomy, as well as new business models and revenue streams.

Our Snapdragon Digital Chassis remains at the center of this transformation. Throughout the year we continued to add new design wins to our automotive pipeline, and we extended our Snapdragon Digital Chassis solutions to meet the requirements of other vehicle classes, such as motorcycles, e-bikes, scooters and all-terrain vehicles. We are pleased with the progress we have made in automotive and look forward to working with our ecosystem partners to drive this industry into the future. 

There are few companies that are as well positioned as Qualcomm to participate in the transformation of so many industries. We have the industry’s best team. Our technology roadmap has never been stronger, our diversification strategy is working, and the fundamentals of Qualcomm’s growth drivers remain unchanged. Qualcomm remains focused on engineering human progress.


Thank you, and we are grateful for your support.

5GAIAutoSnapdragonMixed RealityPC

Opinions expressed in the content posted here are the personal opinions of the original authors, and do not necessarily reflect those of Qualcomm Incorporated or its subsidiaries ("Qualcomm"). The content is provided for informational purposes only and is not meant to be an endorsement or representation by Qualcomm or any other party. This site may also provide links or references to non-Qualcomm sites and resources. Qualcomm makes no representations, warranties, or other commitments whatsoever about any non-Qualcomm sites or third-party resources that may be referenced, accessible from, or linked to this site.

Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.

Related Articles
Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges. Our leading-edge AI, high performance, low-power computing, and unrivaled connectivity deliver proven solutions that transform major industries. At Qualcomm, we are engineering human progress.

Stay connected

Get the latest Qualcomm and industry information delivered to your inbox.

Subscribe
Manage your subscription
Also of Interest

© Qualcomm Technologies, Inc. and/or its affiliated companies.

Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.

Note: Certain services and materials may require you to accept additional terms and conditions before accessing or using those items.

References to "Qualcomm" may mean Qualcomm Incorporated, or subsidiaries or business units within the Qualcomm corporate structure, as applicable.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

Materials that are as of a specific date, including but not limited to press releases, presentations, blog posts and webcasts, may have been superseded by subsequent events or disclosures.

Nothing in these materials is an offer to sell or license any of the services or materials referenced herein.