Interview Qualcomm CEO Cristiano Amon
Qualcomm, one of the biggest Semiconductor making Multinational companies, recently appointed Cristiano Amon as the new Chief Executive Officer in January.
“Qualcomm is consistently solving problems with the wireless industry, said the new Ceo Cristiano Amon in his Interview”.
Due to the crisis in the semiconductor company, he needed the aid to expand their market base and satisfy their customers’ needs. A meeting held in Taipei Hotel regarding this seems beneficial for Christians and the company as they negotiated the deal that made millions of semiconductor chips available to Qualcomm. For that reason, Cristiano also believed that sometimes, meeting folks in person is necessary which can be well observed from the semiconductor chip deal.
Qualcomm’s New CEO Cristiano Amon‘s Statement
Cristiano Amon already had 25 years of experience working with Qualcomm before he was appointed as The CEO. Meanwhile, he is in a phase, facing numerous challenges that also include the market shift and semiconductor chips. While he admits that being in a hurry-like situation shouldn’t affect their success in the challenges, they are facing. “I’ve been doing many things in parallel and I want to succeed in them all”, said Cristiano.
Talking about the recently appointed CEO, Amon is an engineer, working at Qualcomm for more than 20 years. He was appointed as the President of the company back in 2018 and now became the CEO, succeeding Mollenkopf in June 2022. The global shortage of semiconductor chips is being solved with their partners as the situation doesn’t fully depend on Qualcomm. Amon had brought and is currently bringing a lot of transformations and upgrades in the management of the company. This global chip shortage should be encountered and is a matter of great concern to them as well as their customers. South Korea and Taiwan are some of those countries, that have a huge market of semiconductor manufacturing and can assist Qualcomm in this worldwide crisis. He contacted South Korea and Taiwan and visited Taiwan in March for a meeting with the manufacturers to tackle the situation.
About Qualcomm and Latest News
Qualcomm is a Multinational company, headquartered in San Diego, California, United States of America, bringing revolutions in the wireless technology and the semiconductor market. The company was co-founded by Irwin M. Jacobs(the first CEO of Qualcomm ), Andrew Viterbi, and several other individuals in 1985.
Cristiano Amon officially took over as the CEO in June, of this year. The major customer of Qualcomm is Samsung Electronics, Apple Inc, etc. Apple was in dispute with Qualcomm regarding the infringement of patents by multiple Apple Devices, However the same was resolved in 2019.
Numerous Investors of the company were worried about the Apple dispute and the profit from transformation to 5G, however, Jeffrey Helfrich appreciated Amon’s strategy. The day, Amon took over as the CEO, the company’s stock fell to a great extent. However, with this, Jeffrey also gave some suggestions to Cristiano regarding the situation.
In addition to this, the multinational company is also competing for its cell phone chip market in China, where the situation is not so good for the major telecommunication company out there. The reason behind the same is several limitations imposed by the U.S. government on the company. This brings more specific and increased competition for Qualcomm.
Though the Covid-19 Pandemic affected his visits, such as the quarantine period after visiting Taiwan and other measures due to Covid. Surely the pandemic made this year’s situation, different. Cristiano Amon even brings multiple changes including the advance payment for the products supplied and other several actions. The situation is under immense pressure for the company and the CEO said “I cannot find a customer that we’re not getting any pressure from, directly and indirectly”. He even admitted the current time is the “pressure cooker”, according to the ongoing situation.
Apart from this semiconductor chip partnership, Qualcomm also met automobile company Renault for a deal and also partnered with the automotive company, Veoneer. For Renault, CEO Amon made this deal to expand their market base to produce chips for their electric cars. This clearly shows that Amon has the vision to enlarge the market by taking deals and doing supplies into other industries as well as per qualcomm ceo cristiano amon nuvianellisreuters.
Magna International Inc’s offer regarding the acquisition of the Swedish automotive company, Veoneer produced a challenging situation for Qualcomm. With almost $4.8 Billion, Qualcomm came up with a deal with the whole company, not limited to the automotive self-driven part.
Also, Read About –