Senior Vice President of Qualcomm: Qualcomm is transitioning to Smart Edge Computing

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com May 30, Qualcomm Senior Vice President Alex Katouzian said Qualcomm is transitioning from a communications company to a smart edge computing company.

"with the accelerated growth of connected devices and data traffic and the rising cost of overlay data centers, it is impossible for [us] to send everything to the cloud." Katouzian says people are also reluctant to do so when it comes to personal information.

Tuyuan Pixabay according to Qualcomm's latest results, Qualcomm's second-quarter adjusted revenue of $9.27 billion (CTOnews.com Note: currently about 65.632 billion yuan), of which mobile phone-related sales fell 17% to $6.1 billion; car-related revenue rose 20% to 447 million; and connected equipment-related sales were in line with expectations of $1.39 billion.

In the long run, Qualcomm hopes to reduce its reliance on smartphones by selling more chips for cars, networks, computing and wearables. Amon said it is considering accelerating diversified acquisitions.

Before today's trading, Qualcomm was up about 2.78%, with a market capitalization of more than $123 billion (currently about 870.84 billion yuan).