Cristiano Amon News

Mint. “With the population and purchasing power that the country has, companies can't afford to make solutions which are not designed with the Indian price point in mind.”Qualcomm's chief executive Cristiano Amon had announced the AI-focused $150 million fund at the India AI Impact Summit held in Delhi last month.

Qualcomm forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for high-end Android devices and the need for more chips in smartphones that are getting AI upgrades.

BEIJING — U.S. business leaders met with Chinese President Xi Jinping on Wednesday, the latest of Beijing's efforts to bolster foreign investment in China amid tensions with the U.S.

It is the time of year when throngs of Western corporate chieftains and big-name investors descend on Beijing to pay homage to China’s leadership. This time, the focus will be just as much on who is there to greet them. Chief executives including Tim Cook of Apple, Cristiano Amon of Qualcomm, Albert Bourla of Pfizer and Stephen Schwarzman of Blackstone, as well as Bridgewater Associates founder Ray Dalio, are expected to attend the annual government-sponsored China Development Forum that starts on Sunday in Beijing, according to people familiar with the matter.

India can play a key role in building a resilient global electronics supply chain, said Cristiano Amon, chief executive of US chip giant Qualcomm Inc. In an interview with ET's Romit Guha and Himanshi Lohchab, Amon said the country has an opportunity to create large companies that serve both the domestic and global markets in areas such as semiconductor packaging and manufacturing. Edited excerpts: What are the opportunities for Qualcomm in India? There's an incredible opportunity with the transition to 5G. But it's not only 5G, but also the incredible opportunity that is developing with Gen AI and the opportunity to do Gen AI at the edge, not only at data centres, but across many different industries. What's Qualcomm's investment plan for India? India is our largest R&D site outside San Diego. We have a presence in a number of sites — from Hyderabad, Bengaluru, Chennai and Noida. The majority of our chips are designed in India, both hardware and software. With the world looking for alternatives to make the overall electronic supply chain more resilient, we see that India has an important role to play, an opportunity to create over time, very large Indian companies serving not only the Indian market, but also global, whether it's smartphone industrial modules, whether it's semiconductor packaging, and eventually semiconductor manufacturing.

EU antitrust chief Margrethe Vestager said she met with the chief executives of Apple, Alphabet and Qualcomm to discuss regulation and competition policy compliance, in posts on social media platform X on Friday. Last week, Vestager's communications adviser said she would speak to chief executives of Apple, Alphabet, Broadcom and Nvidia in the United States, focusing on European digital regulation including the Digital Markets Act (DMA) and competition policy.

BEIJING — The U.S. and China have to choose between being adversaries or partners, Chinese President Xi Jinping told American business executives late Wednesday.

Elon Musk are some of the high-profile names who are expected join the dinner hosted for US President Joe Biden and Chinese President Xi Jinping in San Francisco. The dinner which is being hosted by National Committee on US China relations and US-China Business Council will take place during the 30th Asia Pacific Economic Cooperation (APEC) summit on Wednesday. The forum is expected to witness hundreds of business leadeers from various fields like banking and technology attending while President Xi could also make a speech, reported CBS News.

Bloomberg reported. In the notifications, the company informed that the job reductions will begin around mid-December. The San Diego-based company is required to make the filings under California rules.

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During meetings in Washington, Intel Corp’s Pat Gelsinger, Nvidia Corp’s Jensen Huang and Qualcomm Inc’s Cristiano Amon warned that export controls risk harming US leadership of the industry. The Biden officials listened to the presentations but didn’t make any commitments, said the people, who asked not to be identified because the talks were private. The chip industry is trying to navigate increasing tensions between China and the US.

Intel Corp and Qualcomm Inc are planning to visit Washington next week to discuss China policy, according to two sources familiar with the matter. The executives plan to hold meetings with U.S. officials to talk about market conditions, export controls and other matters affecting their businesses, one of the sources said.

Multinational software and microchip giant Qualcomm Incorporated has launched a $100 million Metaverse fund to back extended reality (XR), artificial intelligence (AI), and augmented reality (AR) tech companies.