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Qualcomm feels sting of chip shortage

Cristiano Amon, CEO of Qualcomm (pictured) told Bloomberg that the supply shortages afflicting the chip industry will begin to resolve in early 2022, but will still have a major impact on the company now.

The executive explained that Qualcomm has taken a number of measures to prevent the shortages, which he says will affect all of the company’s products and industrial sectors.

In addition to bolstering its resources, Qualcomm expanded its capacity. Amon told the news channel that those measures should bear fruit from 2022, with the biggest impact at the end of the year.

During the interview, Amon also claimed that the full impact of 5G has yet to be felt, and called for Arm to remain independent, citing concerns that worshiper Nvidia would gain access to the chip design company’s innovations first.

He reiterated the desire to make a move for Arm under certain circumstances.

On the smartphone front, Amon mentioned a strong relationship with Apple while highlighting strong competition as new players gain ground.

Highlighting an opportunity in the auto industry, the CEO told Bloomberg Qualcomm had $10 billion in contracts, $1 billion of which was in revenue.

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