Cristiano Amon on smartphone market
From Qualcomm CEO Cristiano Amon Talks Mixed Reality | Bloomberg Talks · · Bloomberg Podcasts
“We did say in the last last earning call that the correction and the inventory correction is behind us right now so we're excited about the market being stable and then it leads to exactly this point that you bring up what is going to create a new upgrade cycle that people want to buy a new phone and we're 100% convinced is what's happening right now with Gen on the phone.”
On , Cristiano Amon, Chief Executive Officer, President & Director at Qualcomm Inc, spoke about smartphone market during Qualcomm CEO Cristiano Amon Talks Mixed Reality | Bloomberg Talks on Bloomberg Podcasts.
About Cristiano Amon
Cristiano Amon, Qualcomm's CEO, delivered the keynote address at Computex 2026 in Taipei for the third consecutive year, where he described 2026 as "the year of agents." He stated that agentic AI represents a shift in computing, moving from applications and operating systems to AI agents as the center of the digital experience. Amon argued that this transition will require new device architectures and that the current upgrade cycle "can be one of the largest that the industry has seen." He also announced a new product brand for Qualcomm's data center products, called Dragonfly, and said the company is working with hyperscalers and global partners on deployments. In earnings calls and media interviews in late April and early May 2026, Amon discussed Qualcomm's expansion into the data center market, stating that the company is building a custom AI chip for a large hyperscaler, which he said he would detail at an investor day on June 24. He described the data center market as highly concentrated, with six to eight major companies, and said Qualcomm would offer bespoke products. Amon also addressed a memory supply chain crunch, stating that Qualcomm is "under shipping market demand" and that the company sees the bottom of the smartphone market. He characterized the shift to agentic AI as a major opportunity for Qualcomm across devices and the data center.