Technology trends

Qualcomm CEO highlights tech trends he’s passionate about

Qualcomm CEO Cristiano Amon told Fox Business that several products are changing the technology landscape with growth potential in the coming years, providing his company with a unique opportunity for growth.

Amon said Qualcomm is lucky the company is growing and hasn’t slowed down or suspended hiring like many other tech companies.

“We’re finding new end markets for the technology, and I think that’s driving growth,” Amon told Fox Business.

“We are looking at the environment right now, it’s probably a good environment to invest in,” he said, adding that the company is actively considering new mergers and acquisitions.

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“We’re very lucky as a company because we have a number of technology trends that are actually creating demand for our technology. There’s more than one. And I think they’re all exciting.”

Amon told the Financial Times earlier this week that the company was interested in buying shares in Arm Ltd., a British semiconductor design and manufacturing company.

Amon told Fox Business that there are several technology areas where he sees exciting growth in the future.

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“One is the connection of physical and digital spaces,” highlighting the metaverse and digital reality. These technologies are only at the beginning of the growth curve, Amon said, and he predicted the arrival of “incredible new devices”.

An autonomous car

Visitors look at a self-driving car from Google presented during the Viva Technology event in Paris, France, July 1, 2016. REUTERS/Benoit Tessier

“The other important technology trend we’re excited about is how 5G will redefine devices,” Amon added. “We see an incredible transformational opportunity for cars. Cars are becoming connected computers on wheels.”

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Amon noted that the number of semiconductors used in cars is increasing exponentially and that Qualcomm has expanded its footprint in the automotive industry.

“And I think the latest is for the first time, we have technology in 5G that allows us to close the broadband gap and bring broadband to everyone,” Amon said, highlighting the potential of ensuring that even rural areas have high-speed broadband.

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Amon spoke with Fox Business at the “Montana on the Rise” economic summit hosted by Sen. Steve Daines, R-Mont., and the Montana Chamber of Commerce.