Steven Mollenkopf on technology standardization
From Virtual debate with Qualcomm CEO Steve Mollenkopf · · European Internet Forum
“I don't think any region gets the importance of standardized technology like Europe does. Our industry is built upon really the fundamental technology sharing processes that underlie 3G and 4G and really the standardization bodies that are around it. It is the fundamental place where companies like us which invent technology come and they share technology and allow the industry to grow.”
On , Steven Mollenkopf, Former Chief Executive Officer at Qualcomm, spoke about technology standardization during Virtual debate with Qualcomm CEO Steve Mollenkopf on European Internet Forum.
About Steven Mollenkopf
In 2018, Mollenkopf expressed disappointment over the termination of Qualcomm's deal to acquire NXP Semiconductors, but noted that the company had grown its non-mobile revenue to $5 billion, a 70% increase since the deal was signed. He stated that Qualcomm did not see a change in China's posture toward the company despite the deal's failure, and described the business environment there as "very friendly" and "very constructive." Throughout 2019 and 2020, Mollenkopf described 5G as a fundamental technology change comparable to electricity or water, and cited an IHS study estimating it would generate $13.2 trillion in economic value by 2035. He said that 5G would disrupt industries including healthcare, energy, retail, and manufacturing. Mollenkopf also stated that he did not expect a separation of international 5G standards, saying it was not in the interest of companies like Qualcomm and Huawei to create such a divide. He characterized Qualcomm as the world's leading wireless technology innovator, citing $61 billion in R&D investment over 35 years.