Qualcomm at Nasdaq Summer Conference: Diversification Beyond Handsets

On Wednesday, 11 June 2025, Qualcomm (NASDAQ:QCOM) outlined its strategic shift from a handset-centric business model to a diversified portfolio at the Nasdaq Summer Conference. The company aims to balance its revenue streams between handsets and emerging markets by the end of the decade. While the strategy is ambitious, it reflects both opportunities and challenges in sectors like automotive and data centers.

Key Takeaways

• Qualcomm plans a 50/50 revenue split between handsets and non-handsets by the decade’s end.
• The automotive sector is a major focus, targeting $8 billion in revenue by fiscal year 2029.
• Qualcomm is expanding into the data center market with the acquisition of Alpha Wave.
• The company is leveraging AI across multiple devices, enhancing its competitive edge.
• Qualcomm holds a strong position in the XR/VR market, particularly in augmented reality glasses.

Financial Results

• Automotive Revenue Target: Qualcomm aims to generate $8 billion in revenue from the automotive sector by fiscal year 2029, highlighting its strong position in wireless connectivity and digital cockpit solutions.
• PC Market Ambitions: The company targets a 12% share of the consumer PC market’s total addressable market (TAM) within four to five years, aiming for $4 billion in revenue.
• Industrial Market Expansion: Qualcomm projects $4 billion in revenue from the industrial market over the next few years, focusing on processing and AI.

Operational Updates

• Data Center Entry: Through the acquisition of Alpha Wave, Qualcomm enhances its wired connectivity technology, marking its entrance into the data center market.
• Automotive Market Penetration: Qualcomm is making strides with global and Chinese OEMs in the automotive market, emphasizing its leadership in advanced driver-assistance systems (ADAS).
• PC Market Growth: The company has already captured approximately 9% of the consumer PC market in the U.S. and Western Europe.
• XR/VR Leadership: Qualcomm’s chips are integral to products from Meta, Google, and Chinese OEMs, solidifying its leadership in the XR/VR market.

Future Outlook

• Automotive Growth: The digitization of vehicles is expected to drive silicon participation growth by 15-20% annually, benefiting Qualcomm’s automotive ambitions.
• PC Market Transition: The shift to ARM architecture is anticipated, with Qualcomm poised as a primary beneficiary.
• Industrial Market Evolution: The market is moving towards processing, AI, and wireless connectivity, areas where Qualcomm is well-positioned.
• Handset Market Dynamics: Qualcomm benefits from a shift towards higher-end devices and the expanding Android ecosystem in China.

Q&A Highlights

• Competitive Positioning: Qualcomm is confident in its competitive stance against rivals like Samsung and Xiaomi, focusing on superior product performance and innovation.
• Product Excellence: The company emphasizes the importance of having the best product in the market to maintain its leadership position.

For a detailed understanding of Qualcomm’s strategic direction and market insights, refer to the full conference call transcript below.

Full transcript - Nasdaq Summer Conference:

Blayne Curtis, US semi and semi cap equipment: All right. Thank you again for joining. It’s the day here. Very happy. I’m Blayne Curtis, US semi and semi cap equipment.

Very happy to have with us Qualcomm from the company Akash Pokkawala. He’s the CFO, COO. So thank you for joining.

Akash Pokkawala, CFO, COO, Qualcomm: Thank you. Thank you for having me in.

Blayne Curtis, US semi and semi cap equipment: I thought maybe a way to start off, obviously Qualcomm is so well known for handsets, but I think the non handset story is definitely an area focus for the company. So maybe from a very high level, can you just talk about where that mix is today, where you would like to see that mix and what’s driving it?

Akash Pokkawala, CFO, COO, Qualcomm: Yes, of course. So of all, for coming. Since it was a 8AM start, I was wondering if I’m going to be the only one in the room. So I’m happy to see folks here. So as Blayne mentioned, one of the key priorities for the company is really kind of taking our strong position smartphones and using the technology that we’ve created for smartphones and applying it to all these other edge devices that are all being disrupted with technology.

So automotive is a great example to look at. It used to be a car that would primarily run on microcontrollers. And you’re seeing this tremendous change in the kind of chips and kind of electronics that are needed in automotive. And Qualcomm has been one of the big beneficiaries And so we’re seeing similar transitions happening in industrial, happening in augmented virtual reality in PC and robotics, and we’re very well positioned to take advantage of all of that.

And so that’s been our primary focus as a company is applied the handset technology to all these new areas. Financially, we’ve set this target of approximately fifty-fifty revenue split between handsets and non handsets by the end of the decade. And very confident that as the world changes, as AI comes in and becomes so much more relevant to all these devices, our technology portfolio puts us in a great place to take advantage of it.

Blayne Curtis, US semi and semi cap equipment: Perfect. Lots of different businesses within the non handsets to go into. I want to start with data center. You obviously just announced this Alpha Wave deal. So maybe you can explain the rationale behind that deal and what are your grander plans in data center?

Akash Pokkawala, CFO, COO, Qualcomm: Yes. So if you kind of maybe step back and think about the belief system that we’ve always had for AI and for data centers is that there’s a lot of core technology that we have in Qualcomm that has relevance to the data center. So we have a CPU core that is a custom designed high performance, low power CPU core, very important, I think, in data centers going forward. We have an AI NPU, neural processing unit that can run neural networks very, very efficiently. It’s something that is also very relevant going forward.

We also think that AI as much as people talk about cloud AI and of course that has been tremendous adoption of it. We think AI will eventually settle to a place where it’s hybrid between the device and the cloud. It’s no different than how computing works today. You see computing happen on the device, you see computing happen on the cloud, the same is going to happen with AI. And we think that those two kind of fundamental beliefs put us in a place where we’ve been looking for the right opportunity to enter the data center market using those technologies.

When you look at the data center market, a couple transitions happening within data center. is a lot of the workload used to be training. Inference is what’s driving the growth going forward. So that’s a pretty significant change. is power is becoming a lot more important.

You’re seeing even power plants being driving where the location of the data center is going to be because power is so important. And so Qualcomm comes from a heritage of low power technology, high performance low power, and so that is relevance to the data center as well. So that’s kind of the framing of the starting point before When we look at AlphaWave’s technology portfolio, they’re really the leader in wired connectivity technology and data center. That’s a set of technologies we did not have do not have at Qualcomm. And so what they bring to us is really the missing piece in our completing technology portfolio.

So we’d have computing, CPU, we would have AI and then we would have wired connectivity technologies. And so when you combine those, I think it’s an incredibly strong technology portfolio, and it positions us to participate and take advantage of these transitions. Right.

Blayne Curtis, US semi and semi cap equipment: And just a follow-up because I do get this question. I think you’ve been in the edge area. Obviously, phones can be considered edge, but other areas, drones, robotics, whatever, also is a good fit or even VR, you’ve talked about, too. Do you need what’s I mean, the split between edge and data center, do you expect to also have chips within a data center? And is do you feel like you need both halves of that equation?

Do they work better together?

Akash Pokkawala, CFO, COO, Qualcomm: So I think there are certainly applications where it works better together. I’ll give you an example in ADAS. There is a a lot of simulation that gets done for ADAS. And so what you want to do is when you do a simulation certain scenarios and how your ADAS stack would behave, you want to do it in the cloud and you want to use the same silicon that you’re going to eventually use in the device. Because if you do simulation on different silicon, it’s not going to give you the same results and you’ll not be able to predict how the device will behave.

So that’s a great example of where you want to have something that is similar on the edge in the cloud. Another example is certain camera workloads. So if you think about industrial applications and cameras being deployed, sometimes you’re going to run AI on the device itself, sometimes you’re going to run it on the cloud and you want the same set of results coming through in a scenario like that. And then finally, if you think also about hybrid AI, where you might start running something on the device and then you might use the cloud to improve the answer that the device gave you. If you need a tier derivative on the answer as well, you might want the same silicon running on both sides.

So there are good reasons why you’d want it, but that necessarily by itself is not the driver of our strategy. The core driver of the strategy is that we have this technology portfolio. It is relevant to the data center, power, low power and high performance is becoming important in data center. And so that automatically lends itself to Qualcomm’s strengths.

Blayne Curtis, US semi and semi cap equipment: Perfect. I do want to talk about the auto market we were talking before this. And my kind of personal view is the auto market is not actually that much different than the handset market, where the Chinese took a ton of share by just adding features at a faster pace. Can you maybe just talk about where Qualcomm is today? I mean, obviously, infotainment has been a big driver, more screens, bigger screens.

Where is your penetration? And kind of maybe just address the Chinese opportunity because a lot of people look at it and say, oh, they want localization. But when you’re talking about maybe infotainment processor or ADAS, maybe that’s something they can’t do.

Akash Pokkawala, CFO, COO, Qualcomm: Yes. So when you look at our position in automotive, let’s talk about the industry and what’s happening there. Tremendous transition in the industry. The cars are getting connected. The inside of the car, the experience is becoming like a family room or living room experience with screens and content.

And then finally, ADAS becoming a big part of the value proposition as well. So when you look at those things, the silicon that we participate in is growing north of 15%, 20% every year because just an incredible amount of digitization happening in the car. And so Qualcomm is in a great position to take advantage of that change and really offer technologies that are required in the car. So we’ve been very successful. I think we’ve won, I’d say, very strong position in wireless connectivity.

So whether it’s four gs, five gs networks, WiFi, Bluetooth, position location, Qualcomm is the leader in the industry. Digital cockpit, the experience inside the car, we are by far the leader as well. And it’s really a combination of the chips that we make. It’s a combination of software environments. You have to support the software environment for the instrument cluster, which is usually Linux or QNX.

You have to support the software environment for the entertainment center, which in several cases is Google, Android. And so we’ve been supporting all those networks and we’ve done incredibly well. The part of this tool is silicon for ADAS. And so we’ve built the chips, leveraging a lot of what we do in cockpit, extending it to ADAS, a very strong portfolio and we have traction across global OEMs and Chinese OEMs, and I’ll come back to the Chinese OEM in a And then the part is this building the ADAS stack that allows you to really implement autonomous driving at scale. And so we’re building that as well.

And so we really have a full portfolio. And so if you’re an OEM saying, who do I partner with? Who is my technology partner of choice that will bring me all the technologies that I need to deploy at scale? Qualcomm is probably at the top of the list. What you’re seeing in China, you rightly said, very similar to what happened in the handset industry, very quick innovation, more of a consumer electronics mentality being applied to the auto industry.

Lot of different OEMs all moving extremely fast. Qualcomm is very, very closely associated with the industry. When you think about these OEMs, just like the handset OEMs in China, they think of not just what they do in China, they think of what they need to do internationally, right? And so they have global ambitions. Qualcomm is one of the key partners for them for their global ambitions, not just on cockpit, but on ADAS as well.

So we’re very confident. We’ve laid out a financial target of approximately $8,000,000,000 in revenue by fiscal twenty twenty nine. And I think we’re in an incredible place to meet and exceed that.

Blayne Curtis, US semi and semi cap equipment: Yes, want to dig in a little bit more because obviously ADAS and autonomous driving is a big driver of your auto growth going forward. You have a deal with BMW to kind of develop a stack. And then I guess once that launches you can kind of sell it. So maybe just talk about the opportunity for just the silicon and then who wants the stack. And I thought it was interesting talking to you yesterday about the competitive landscape in China where there’s a local player but maybe they can’t the global very much like handsets.

Can you elaborate on that?

Akash Pokkawala, CFO, COO, Qualcomm: Yes. So think of two separate parts to the ADAS opportunity. There’s a chip opportunity, which is independent and then there’s a stack opportunity, which is incremental to the chip opportunity. Specifically within China, we’re seeing OEMs use China developed stack for ADAS, but they still need a silicon partner and we are one of the key players in the industry for that. We’re also seeing as these OEMs go internationally, also as other OEMs internationally need ADAS stack, Qualcomm becomes an alternative for them.

And the BMW relationship for us is extremely interesting because what we have done with them is we brought our assets to the table. They brought their experience and their assets to the table. And so we’re developing an ADAS stack together. The cars get launched over the next couple of months. That will be the initial launches of the cars.

And I think that a lot of the OEMs are looking at what happens with the launch of those cars because BMW is clearly seen as one of the technology leaders in the industry. As they launch this stack and assuming the stack has really good performance, it creates an opportunity for us to apply those stacks to other OEMs. We already have a couple of other OEM wins, but we could scale this very significantly now that we’ll have deployed with BMW in a global scale in commercial cars in large quantities. And so very excited about what’s in front of us. I think it’s just the beginning.

Blayne Curtis, US semi and semi cap equipment: Perfect. I wanted to pivot to the PC market. I mean, we were just talking about how I’ve been here about a year since I launched and I went to Asia right away and I think that was right around when the AIPC story came out and UIs were obviously a key partner for Microsoft. I thought when I saw the product, they weren’t really marketing it as aggressively as they should have with battery life, kind of priced the same. The sales were kind of okay, but maybe not a home run.

I think you’ve kind of ground out some share there. So maybe talk about where your share is, why you think you’ll still be successful? And do you think the landscape will change such that people will care more about battery life to drive ARM?

Akash Pokkawala, CFO, COO, Qualcomm: Yes. So I think, Karim, you have to have certain core beliefs in the market. And so from our perspective, for us, it’s very clear that when we think about the PC market, the PC is becoming as much of a communication device as it is a computing device, especially with video calls and such happening. Battery life and performance of the battery life is incredibly important, but no one is going to sacrifice performance of the device to get better battery life. And so what Qualcomm embarked on is to really deliver the best product in the industry.

And so in our minds, from a chip and hardware performance perspective, we clearly have the best chip in the industry performance and performance relative to power as well. The next kind of step for us was to address the consumer market, especially in the developed world, so Western Europe plus U. S. And I think we’ve done an incredible job with it. We had to cover a lot of applications, printers, other peripherals and make sure that those work as the consumers would want it to work.

And so we talked about approximately 9% share in the previous quarter in U. S. Plus Western Europe in the PC market consumer PC market, which to us is extremely attractive. We fundamentally believe as this market moves forward, as the Windows ecosystem has to compete with Mac, the transition to ARM is something that is going to happen. And as that transition happens, Qualcomm will be the primary beneficiary.

Financially speaking, the target we’ve set is approximately 12% share of TAM, which is approximately $4,000,000,000 four, five years from now. And so we’re very confident that that’s a number that’s achievable if you believe in the product that’s in front of us and if you believe in that transition that we think is going to happen in the industry.

Blayne Curtis, US semi and semi cap equipment: We will get to handsets, but it crosses over between PCs and handsets as the AI piece. You know, I think it came out and people, like, went right to it’s gonna be processed locally. But it feels like still a lot is in the data center. So as part of differentiation being an AI PC, do you see a path that a lot of these models will be run locally and it will actually be something a consumer wants to buy?

Akash Pokkawala, CFO, COO, Qualcomm: Yes. So I think if you step back and think about AI for us, it’s not a thread just between handset and PC. It carries over to augmented virtual reality devices. It carries over to industrial. It carries over to robotics and of course, especially with ADAS.

So AI is a technology thread that cuts across every device we’re in. And so it is a source of competitive differentiation for us and our view on it is pretty clear. I think you’re going to have hybrid AI as the basis going forward. You’re going to have several use cases that will happen on the device. And Microsoft is actually one of the companies that have a more clear vision on what they want to do with it.

And so over the next, let’s say, eighteen months, we will in our minds, it’s very clear that we’re going to see a lot of use cases being deployed at the edge, and that shows the advantage of our chip. Actually, today yesterday, I guess, in The U. S, at AWE ARVR conference, we showed off on a simple pair of glasses, we showed 1,000,000,000 parameter model running and being able to answer questions and do tasks for you running on the device. You don’t need to go to the cloud, you don’t need to go to the phone, you don’t need to go anywhere else, just being able to run it on that form factor. And so that’s just another example of how good the technology we have is.

And so I think as the use cases come together, it creates an advantage for us.

Blayne Curtis, US semi and semi cap equipment: You brought up the XR VR. I mean when the Google Glasses came out, I was like, that’s never going to work. But then you do see people wear the Meta Glasses. Can you talk about your position there in that market? And then actually, do you see what use cases do you see that this actually might be something more Yes.

Akash Pokkawala, CFO, COO, Qualcomm: We have a very strong conviction, especially on the augmented reality simple glasses market. So let me talk about the position. So we’ve been the leader from a chip perspective in that market. And so whether it’s anything that Meta is doing, anything Google is doing, any of the Chinese OEMs doing something similar, you have several OEMs in India who are trying to do the same as well. So pretty much all these ecosystem use Qualcomm’s chip.

And so we are in a very strong position. We’ve built not just the chip, but a lot of the stack that is needed as well-to-do things like object tracking and 6DOF and other technologies where they’re very critical in making augmented virtual reality happen. So very strong portfolio on the chip side, very strong portfolio on the software side and working closely with the partners that drive the ecosystem. I think on the glasses on augmented reality, our view is that increasingly what is going to happen is it becomes the personal device that can see everything you can see, It can hear everything you can hear. It can be the AI agent interaction point for you as well, being able to ask questions.

And so as an example, I could look at you, Blaine, and say, who is this? And it could answer that question from you or what so and so wearing. And if I look at the watch, it can figure out what the watch is. There’s just a lot of examples of being able to leverage the fact, as I said before, it can see what you can see, it can hear what you can hear. One of the use cases that we we talked to a start up recently, what they’re using is using glasses as a way to for as a hearing aid replacement.

Because once you’re wearing it and it has speakers, it can amplify based on what you’re hearing is in any given ear and make it a much easier transition to hearing aids. Hearing aids, lot of social taboo, people don’t wear it until it’s very, very bad. This is a very different conversation. Another use case is being able to use a wearable device as a way to control. And so this is something that we showed yesterday as well is if you have a ring and you’re wearing a ring on your hand like I am, you can use motions because the ring moves to control the screen in your glasses.

And so that combination of those devices becomes very interesting. If you saw Google Gemini, Google IO last month, two weeks ago, it was really Gemini IO. Right? They talked about all these incredible AI use cases. And one of the things they showed is if you’re wearing glasses and I walk by the Jefferies hallway and there was, say, a book in a shelf in one of the conference rooms, and I come back here and say, hey, I saw a book on the shelf from the previous conference room.

What was the book? And because it saw everything I saw, it can remember and tell you what it was. And so there is just directions is a great example. If you put a small display in it, being able to if you’re walking on the street and you you have Google Maps turned on and you can see in the side of your eye what the directions are for where you’re going. So it becomes a very significant personal computing device.

And these are all examples by the way. I’m not smart enough to figure out which one of these will take off.

Blayne Curtis, US semi and semi cap equipment: Right.

Akash Pokkawala, CFO, COO, Qualcomm: But the fact that you have a personal computing device between the watch, the earbuds and the glasses, we think we’re in an incredible place to drive the next paradigm of a personal computing device that is powered then by AgenTik AI. And that I think is a big opportunity.

Blayne Curtis, US semi and semi cap equipment: Yes, super interesting. Maybe finishing off on the non mobile industrial market means a lot. Maybe you can talk about where this business is for you today. I don’t know if you’ve given the size of it, but then what are the major pieces within it?

Akash Pokkawala, CFO, COO, Qualcomm: Yes. So in the industrial market, we’ve set a target of $4,000,000,000 of revenue over the next few years. And again, we think of it as very similar to what happened with automotive. Automotive was very much a microcontroller market. We see that similarly the industrial market is very much a microcontroller market.

We think it’s going to move over to processing. It’s going to move over to AI. It’s going to move over to wireless connectivity. And so let me give you an example of a camera is an easy way to think about it. Today, have all these security cameras.

And the way it works is those cameras are connected to a room with TVs on it and there’s a person sitting in the room staring at the TVs to figure things out. What you really should be doing is add AI to the camera itself. And then the stream that is coming in from the camera, AI would run a workload on it and make a decision on something that doesn’t look right or something that requires an action. Very, very simple example. If you think about any handheld devices, so if you go to a restaurant, your checkout device that they come in with, if you go to a retail store, if you go to a Home Depot or a Walmart, the associates have a handheld device.

You can use those devices to ask questions. And so someone comes in and says, hey, I’m looking for this and this screw, what aisle is it in? You could just use a GenTech AI with a device, the agent could to answer a question like that. The one of the things we’re working with Aramco in the in The Middle East is is looking using handheld devices to control equipment. So you could hold your phone up with a camera, not a normal phone, but a ruggedized phone for that industry.

Hold it up to a hold up the camera to a piece of equipment and ask a question, how do you turn this on? And it should be able to answer that question. So there is just so much so many use cases in industrial that have not been enabled by technology so far. It’s really what technology is used for is to turn off and on things. That’s all that’s done in industrial.

Now the idea is how do you take the information that is available at the edge and make smarter decisions using AI. And that’s kind of the next paradigm of industrial. We are incredibly convinced that this is going to happen. And it’s kind of not a long term, it’s not a small opportunity for us. It’s a tremendously large opportunity for us.

And so very excited that we enable that transition. And within that, one of the categories is robotics. And so you think about robotics at the very low end, the robotics largest robotics market today is Roomba in your house that cleans your house. At the very high end, you have ADAS. But there are several categories of physical AI in

So you have manufacturing robots, you have distribution center robots, you have storage robots, you have drones and then finally humanoids. And in each of these areas, when you think about, say, humanoids as an example, what you need in a humanoid is wireless connectivity, very good battery life, high performance, you need a very good camera, you need a lot of the technologies that ARVR has because it needs to look and make decisions on it. It needs a stack like ADAS does. So it takes a lot advantage of pretty much everything Qualcomm has in one device. And so we’re very, very excited that that’s a market that we can can be one of the top two players in and that the market takes off, Qualcomm will be one of the bigger beneficiaries.

Blayne Curtis, US semi and semi cap equipment: Super interesting stuff. I do want to talk about handsets. I think people look at the handset market and say it’s kind of mature, modest growth, what’s so interesting. You actually have seen a pretty good ASP tailwind. So maybe you talk about what’s going on in the market dynamics?

Akash Pokkawala, CFO, COO, Qualcomm: Sure.

Blayne Curtis, US semi and semi cap equipment: Why it’s still a growth business? And then we can into some of other details.

Akash Pokkawala, CFO, COO, Qualcomm: Yes. So I think a lot of interesting things happening in the market. is tremendous mix shift up. I think we sit in developed markets and we see that people are devices are getting more expensive and more capable. But really when you go to emerging markets, tremendous change in the mix of devices that are sold.

And so as people upgrade, they’re buying more expensive devices. They’re playing a lot of games. I think I heard this metric. I’m not even sure if it can be true, but someone said college students in China play eight hours of gaming every day. And so just seems crazy.

I know in the emerging markets, the primary TV watching device is the phone. And so a lot more expensive devices are being purchased. So that’s great for our business. Specifically within China, we’re seeing kind of the market split into a barbell market where you have a lot very big market at the top and then a market at the bottom and the middle thins out and moves to the top. We are seeing the benefit of that as well.

Also as you go from one generation to the other to the next, as devices become more capable, as more and more AI features are absorbed in it, that increases the ASP for us. And so we’ve benefited from that. When you take kind of this combination of these things over the last several years, in a flat handset market, we’ve grown tremendously. And then so it’s funny because sometimes we diversify and grow revenues in all other areas and then handset grows faster we come back to the same problem statement, which is no problem for us. But that’s what’s happening in the handset market.

There’s couple very interesting things that are also happening. is within China, the Android ecosystem is winning share against Apple. This is a trend over the last couple of years and so we’re seeing the benefit of that show up in our financials. And also when you think about the transition to an AI smartphone, we have firm conviction that that it happens over the next several years. The Android ecosystem, especially with Google is leading it and Apple is trading.

So that’s another opportunity for us as share moves over from Apple to the Android ecosystem, tremendous benefit for Qualcomm as the leader in that tier of Android.

Blayne Curtis, US semi and semi cap equipment: Yes. Maybe just to finish because we’re going to run out of time. It’s just on the competitive landscape. I do get this question a lot. And Apple, you’ve been very clear that’s going to go away over time.

Last time you said it took longer, but it’s really going away this time, I guess. But I think people look at Samsung and say maybe you’re over earning there because obviously Samsung’s internal effort has not worked at the high end. I think you hear stories of like at least one Chinese company doing their own modem. Can you just update us on that landscape in terms of if you see any shift happening?

Akash Pokkawala, CFO, COO, Qualcomm: Playdate, and you know this well as well. We’ve heard this story and seen this movie for the last twenty years. Like we used to be in a market where there were 12 chip companies and now there are two merchant chip companies, Us and Mediatek. And within this, we’ve not just maintained our position, we’ve strengthened it. And you’ve seen that over the last few years as well.

So it’s nothing new for us. We in our industry, the most important thing is for you to have the best product. That’s the core belief which makes you win in this market. And so we’re very confident when we look at us versus Samsung, when we look at us versus Xiaomi, we are in a very, very strong position from performance perspective, lot of new capabilities coming into chips and we’re going to lead in each one

Blayne Curtis, US semi and semi cap equipment: of them.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.