Descriptions:
Bloomberg Tech sits down with Qualcomm President and CEO Cristiano Amon on earnings day to discuss the company’s sweeping strategic pivot from smartphone chips to AI-driven revenue streams. Amon addresses current headwinds in the handset market — attributed not to weak consumer demand but to an unprecedented memory shortage pushing prices up 20% and crimping mid-to-low-tier unit volumes — while laying out why those headwinds are transient.
The more consequential half of the conversation covers Qualcomm’s AI roadmap. Amon reaffirms a $5 billion data center revenue target for fiscal 2027, anchored by custom silicon engagements with two undisclosed hyperscalers — one in the United States, one in China — plus a new high-bandwidth compute architecture with silicon sampling in a matter of quarters. On the edge AI side, Qualcomm is tracking $3.5 billion in IoT design pipeline wins this fiscal year alone, driven by enterprise demand for open-weight model inference on industrial hardware.
The macro trajectory Amon describes is a 60% year-over-year increase in non-handset revenue, with automotive, data center, and industrial IoT all accelerating simultaneously. By fiscal 2029, handsets are projected to represent just one-third of Qualcomm’s business. For AI infrastructure watchers, this interview offers a direct look at how a major semiconductor platform is repositioning its entire product roadmap around the AI compute cycle.
📺 Source: Bloomberg Tech · Published July 30, 2026
🏷️ Format: Interview
