Caixin
Nov 03, 2023 08:00 PM
TECH

Qualcomm Sees No Threat From Huawei-Developed Chips, CEO Says

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In fiscal year 2023, Qualcomm saw its revenue decline 19% to $35.8 billion of revenue, while net profit plunged 33% to $9.5 billion. Photo: VCG
In fiscal year 2023, Qualcomm saw its revenue decline 19% to $35.8 billion of revenue, while net profit plunged 33% to $9.5 billion. Photo: VCG

Qualcomm Inc.’s handset chip business in China will not be affected by Huawei’s push for semiconductor self-sufficiency, said chief executive Cristiano Amon.

Despite Huawei’s return to the mobile arena spotlight with an in-house chip, the growth trajectory of Qualcomm’s business with Android handset-makers in China will remain unchanged, according to Amon on a post-earnings call on Wednesday.

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