Qualcomm CEO Paul Jacobs on Innovation and Partnerships

Qualcomm CEO Paul Jacobs discussed the company's strategy to stay at the forefront of innovation in the rapidly changing mobile technology landscape. Jacobs emphasized the importance of investing in various technology areas, including microprocessor technology, graphics, and sensors, to produce high-end smartphones with advanced features.

Key Takeaways:

• Qualcomm is investing heavily in microprocessor technology, graphics, and sensors to enhance smartphone capabilities.
• The company is exploring augmented reality (AR) applications, such as image recognition and object locking, to create immersive experiences.
• Qualcomm has formed a partnership with Nokia and Microsoft to supply chips for Windows Phone devices, marking a significant shift from being competitors to collaborators.
• Jacobs highlights the challenges of transitioning from a radio-centric company to a more diversified innovator, citing the need for patience and strategic investment.
• The company's Snapdragon chip set sales have seen a significant increase, with 125 devices currently available and 250 more in design.

Statistics:

• 125 devices currently available with Qualcomm's Snapdragon chip set.
• 250 devices in design that will utilize Qualcomm's Snapdragon chip set.
• 5-6 years ago: Qualcomm began investing in microprocessor technology to diversify its product offerings.

Sources:

• Not explicitly cited in the transcript, but it is a Bloomberg TV transcript featuring an interview with Paul Jacobs, CEO of Qualcomm, on June 2, 2011.