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Chinese Premier Li Qiang urged for dialogue over confrontation during a meeting with U.S. Senator Steve Daines, emphasizing the need for cooperation amid rising tensions over trade tariffs and fentanyl trafficking. Daines, a supporter of President Trump, is the first U.S. lawmaker to visit Beijing since Trump took office, and he coordinated closely with the White House on these issues. Li highlighted the importance of fair competition and the necessity for both nations to work together to ensure stable relations.
DeepSeek is positioning itself as a significant player in China's AI landscape, intensifying competition for Apple. Qualcomm's CEO, Cristiano Amon, emphasized the importance of DeepSeek-R1 during a recent earnings call, noting its role in shifting AI inference from the cloud to edge devices, marking a pivotal moment for the industry.
Nvidia"s upcoming earnings report is generating significant anticipation, overshadowing geopolitical tensions, including Russia"s warning of a nuclear response to Ukraine"s missile strikes. U.S. markets showed resilience, with the S&P 500 and Nasdaq closing higher, while Qualcomm projected $22 billion in additional annual revenue by 2029. Investors are keenly focused on Nvidia"s performance and its next-generation Blackwell chips, which are critical for maintaining its lead in the AI chip market.
Qualcomm anticipates $4 billion in PC chip sales by 2029 as it diversifies beyond smartphones, aiming for an additional $22 billion in revenue from new markets. CEO Cristiano Amon highlighted the company"s strategy to leverage existing technologies in sectors like automotive and virtual reality, with a total addressable market of $900 billion. Despite potential losses from Apple ceasing component purchases by 2027, Qualcomm expects growth in automotive and industrial chips to offset this impact.
Qualcomm CEO Cristiano Amon stated that the surge in demand for AI chips will not result in a global shortage like during the pandemic. He noted that significant investments have been made to enhance chip production capacity, ensuring supply can meet the rising needs of AI-enabled devices.
Qualcomm reported fourth-quarter earnings that surpassed Wall Street expectations, with earnings per share at $2.69 and revenue of $10.24 billion. The company anticipates revenue between $10.5 billion and $11.3 billion for the current quarter, driven by a 12% increase in handset chip sales and significant growth in its automotive and IoT sectors. Under CEO Cristiano Amon, Qualcomm is shifting focus from smartphones to becoming a leader in connected computing and AI technologies.
Qualcomm CEO Cristiano Amon predicts that within five years, AI smartphones will become commonplace, as new devices will be capable of processing artificial intelligence directly on the device. He noted that the challenge lies in the emergence of practical use cases, similar to the evolution seen with smartphones.
Qualcomm is enhancing its mobile phone chips by integrating technology initially developed for its laptop chips, specifically for generative AI tasks. The Snapdragon 8 Elite chip will feature custom computing technology branded as “Oryon,” with additional tools for software developers. Major manufacturers, including Samsung, Asustek, and Xiaomi, are set to adopt this new chip.
Cristiano Amon
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