Qualcomm names Cristiano Amon new CEO, effective June 30


Qualcomm, the world’s largest mobile phone chip supplier, announced Tuesday that it has appointed its president, Chip Division Head Cristiano Amon, as its new chief executive.

Amon, who has been with the San Diego-based company since 1995, will take over as President and Outgoing CEO in 2018. Steven Molenkop, Effective June 30.

In recent years, Amon has overseen the company’s chip division, which supplies most of the processors Android Phones and modem chips that support Android devices and Of Apple IPhone models connect to wireless data networks.

A strong proponent of 5G, he led the new generation of fast wireless networks Qualcomm Push to place 5G chips in low- and mid-priced handsets. He guided the company to expand into new areas such as 5G infrastructure equipment, automotive computers and personal computers.

“We have been at the forefront of innovation for decades and I look forward to continuing this position,” the 50-year-old from Brazil reclaimed vintage muscle cars in his spare time.

Amon, who has also played a role in Qualcomm’s licensing division as company president, will face some tough challenges as CEO, how to deal with Qualcomm’s over-reliance on intellectual property? Arm For its processor chips.

Arm In the middle $ 40 billion (approximately Rs. 2,93,600 crore) seized Nvidia, Which has a brewing competition with Qualcomm on chips for artificial intelligence.

If Qualcomm is found to pose a greater long-term risk to a competitor, Amon may be forced to replace Arm’s intellectual property.

Qualcomm has already begun to use its own intellectual property in chips for artificial intelligence and is using an arm alternative called RISC-V in some parts of its phone processors.

Qualcomm designs chips but outsources most of their manufacturing Taiwan Semiconductor Manufacturing Taiwan and Samsung In Korea. U.S. lawmakers recently approved a program to boost domestic semiconductor manufacturing. Qualcomm, which has a huge impact on chip factories due to sales volume, plans to retain its our outsourcing strategy, but will look into US factories in the future, Amon said.

“We are one of the few companies that have multi-sourcing on the popular node. And we hope it stays the same,” he told a news conference. “We look very favorably on more foundry investments, including in the United States. This is very good for Qualcomm and very good for the industry.”

The current CEO, Molenkopf, is no stranger to challenges, but has guided Qualcomm through three crises: Broadcom, US Antitrust Challenge Federal Trade Commission And a long legal battle with Apple.

Qualcomm is dominant in all three cases, and the 52-year-old, who has been with the company for 26 years, said its share value was nearly three times higher during the depths of the crisis.

“Steve navigated under unprecedented circumstances during his tenure, and in his seven years as CEO many leaders have faced more than they have faced in their entire careers,” said Qualcomm Board Chairman Mark McLaughlin.

The company said Molencop will be a consultant with Qualcomm for some time.

© Thomson Reuters 2020

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