According to IT House on May 30, Alex Katouzian, senior vice president of Qualcomm, said that 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.

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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.

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.