Qualcomm

“Today, whether it's NVIDIA or some of the work that Qualcomm does, most of the brains that you see in the humanoids, those are all, all running on ARM today.”

“SpaceX developed an early prototype of an AI Focused handset. The device is said to be slimmer than the iPhone. Runs proprietary operating system. Uses XAI technology built around Qualcomm's Snapdragon chipset.”

“Zaid, who heads the division of Qualcomm, responsible for making the chips that go into the meta the meta, Snap, and Samsung smart glasses.”

“They're using Intel's Wildcat Lake, which is the core series, 300 and arm based chips from Qualcomm and MediaTek. They're running an operating system that combines Android and Chrome OS.”

“And we're probably one of the few semiconductor companies that go from five Watts To your earbud, now to 500 watts, when you think about a data center.”

“We're working with them. Unfortunately, I cannot tell you what it is. You will see, and it's going to be exciting.”

“We have a customer of us in India that is doing smart glasses. They integrated with the digital payment system, so now you can look at a QR code and say, pay this, and it will pay.”

“There are some companies right now, they're designing an earbud with a camera.”

“I think at the end of the day, the winner of the edge Is going to be the winner of the AI race.”

“So whoever had access to that data is in a very, very strong position. So it's companies that have, ah, you know, presence in All of those different devices already. I think they have an advantage. I will not bet against them.”

“You cannot do everything on the cloud because of also latency. It is not going to be useful for you. If I go back to when you asked me to describe the experience, if you and I are walking together in the street, and I'm gonna say, hey, who's this person? And y…”

“Eventually inference is going to take over training because Just think about that for a second. If you're a company spending billions of dollars building a data center for training, you expect to get a return on that investment. So when you start putting AI in…”

“So we're building what we believe is post-GPU. When you started to do inference and you need the dedicated engines, We're building that. I actually believe that the NVIDIA acquisition of Croc validates that you different engines for different things, and I thi…”

“A robot that is going to be with you in your house, and it's going to do everything you ask the robot to do it's going to take a time to train that. It's very difficult. It's difficult. Every house is not going to be the same. Every task is not going to be the…”

“That's why we're really focused on industrial robots, because you can train a robot, for example, Your task is going to go to the supermarket at night and put the stuff back on the shelf. That's a self-contained problem. You're not training a robot to do every…”

“So if you see our partnership that we have done with AMD, with a startup called Grog NVIDIA, Qualcomm. It shows you clearly our commitment to this relationship and partnership, and it's really deep.”

“Nvidia, I don't know, is it or Qualcomm's, 4060, 40, 45%, I think, just declared, yeah. Gross margin. But Foxconn is, I think, 10%.”

“He was talking about Qualcomm or MTK. Their biggest R&D centers are in India.”

“She started buying the day after they paused it. The day before and the day after, on the eighth and ninth. She bought Apple, she bought Qualcomm, she bought Nvidia, AMD, ASML.”

“If you look at Broadcom, Qualcomm, they're all, you know, fabulous chip. They don't have any manufacturing. The guys who have manufacturing are struggling.”

“Most people don't know this, but Qualcomm's original business was tracking trucks. Like it was the Omnitrack system. This is what got them, you know, building the predecessor to CDMA.”

“Throughout the round B and C we raised money from Qualcomm and Mellanox and Nvidia and Micron and Seagate and Western Digital and Hewlett Packard and Cisco and Hitachi, and I probably forgot the bond.”

“Even if you look at your iPhone, there's about 150, 160 chips in that iPhone. Only three of them are advanced. Your processor, your memory, and the baseband from Qualcomm. That talks to the cell tower. Everything else, GPS, screen, power management, battery, a…”

“Qualcomm has the best inference chips.”

“TinyGrad is used to run the model in OpenPilot. Like right now, it's been live in production now for six months. And TinyGrad is about two X faster on the GPU than Qualcomm's library.”

“Apple is using a high-end laptop SAC in this thing because they have their own, which has massively better performance per watt than anything from Intel. Guess what Meta has to use? They have to use a smartphone chip from Volcom.”

“Apple is making basically better chips than Intel or Qualcomm today, and it's doing that based on the acquisition of PA Semi, which was now a decade ago, also ago, 15 years ago, and what would, if the FTC had blocked that, Then basically they'd have gifted the…”

“Especially given Solana's tie to Qualcomm with Anatoly having worked there for over 10 years.”

“They develop A concept that they patent, and they get issued a confidential patent that stays confidential for decades in the US military... It was issued in 1942, so four decades that this history was completely unknown. They develop a novel technique to defe…”

“The business history of Qualcomm, just like Bill Gurley said on the blurb of this book, It is one of the most brilliant strategic executions of entering a market period. You know, like, writ large ever. Like, this is on par with NVIDIA, if not, honestly, more …”

“So everyone gets diluted 50%, By merging with the customer themselves in order to get just a few million dollars to continue funding this effort.”

“The business doubles every year for like five years from a thirty two million dollar base.”

“There are so many things that we've talked about in the last, I mean, on Acquired generally, but especially in the last year, where their success came from correctly forecasting where Moore's Law would be at the time that they shipped their product.”

“South Korea, for time was, I think, close to 40% of Qualcomm's revenues, because the whole country, like, and it was one of the, you know, most advanced mobile countries all just using Qualcomm.”

“Qualcomm today is the largest fabulous semiconductor company in the world... Bigger than NVIDIA.”

“Today, Qualcomm's total revenue is what, close to forty billion annually, I think? ... Of which 85% is their semiconductor business.”

“December of 1999, Kyocera buys Qualcomm's mobile phone business, so they now officially just sell chips that they call QTC, the Qualcomm CDMA Technologies Group, and then they've got a second group, QTL, which is called Qualcomm Technology Licensing.”

“The single best performing stock for the entire year 2000 is Qualcomm. It appreciates, the Qualcomm stock appreciates, 2621% for the 366 days of the year, 2000?”

“And I, you know, to the point that I think today, Qualcomm makes on average about 20 dollars for every Smartphone sold in the world, including Apple iPhones.”

“In 2018, Broadcom comes in and tries to do a hostile takeover at a one hundred and seventeen billion dollar valuation. And interestingly, it was financed by one hundred and six billion dollars of debt.”

“This is one of the huge wins of the Trump administration you know, for like America was keeping Qualcomm an independent American company. Like whether it was Qualcomm calling in a favor or just what, like, I think we can all look back in 2022 and be like, this…”

“Qualcomm asked Apple to speak out against WiMAX, which is a competing technology. They were like, we need you to vocally Speak out that our competitor is a bad piece of technology. They also stipulated that if Apple ever used a competing supplier and keep in m…”

“Apple also paid four billion, now switching over to the licensing side of the house to secure the patent licenses over the next six years. I think it was four and a half billion dollars for a six year deal.”

“They already make Snapdragons for the high-end Android phones, and soon they'll be able to make a competitor to Apple's M series chips for laptops and desktops and maybe even servers.”

“Qualcomm historically has failed every time they've tried to do servers or watches or smart home or displays. Like, every time they've strayed too far from their core competency, it hasn't been good.”

“Qualcomm today has a one hundred and twenty billion dollar market cap, which, two things. One, that's astonishing. That's impressive. They're technological pioneers, and they're amazing at value capture. Two, that is the same price that it was worth at the pea…”

“They do forty four billion in revenue. Chips make up most of that at thirty seven billion. Licensing fees make up only seven billion, but the licenses Are a much higher margin business. It's a 69% margin. I think it's earnings before tax margin on licensing ve…”

“I think Qualcomm during the golden years that we told the history of had real process power. I think it was equivalent to the Pixar brain trust. Like that set of people working together under those set of circumstances were wholly unique in the industry and th…”

“MediaTek systems are way cheaper than Qualcomm. And I think they actually just surpassed Qualcomm in terms of number of units shipped.”

“I think if they continue to try to run the same playbook in just the handset market that they have been, the best days are behind them because people have caught onto their games a little bit and are gonna, gonna squeeze them from a bunch of different directio…”

“I said to Qualcomm, look guys, we cannot tell a story for this product, right? This product will be received as the same stinky dead fish as Snapdragon six 15 was, so we have to somehow change this game. If you allow me to change its name, Then I think we can …”

“MicroUnity, you probably haven't heard of, but it's got a lot of patents, and it's successfully litigated them from 20 years ago to maybe 10 years ago. I forget when they ran out of steam. I think it, Just made a ton of money off suing everybody. IBM, Motorola…”

“There are seven companies that represent. 98% of the market starting at the top with Murata. Corvo, Skyworks, Broadcom, Qualcomm, Wysol, and Tyoyuden.”

“In the Vision Fund one, we had six limited partners. One was SoftBank itself, so SoftBank's a big operating company, spits off a lot of free cash flow. The second was the Sovereign Wealth Fund of Saudi Arabia called PIF. The third was the Sovereign Wealth Fund…”

“And we've actually got projects with both of them To embed Tanium's communications architecture directly into the chip.”

“For most of the industry the cost of transistors has stopped falling. And so as you scale, this is everybody but Intel in the industry says this. You, if you talk to Broadcom, if you talk to Qualcomm, all of the customers of the foundries say, you know, going …”

“One of the things that allowed Apple to disrupt everything was by saying, no, no, no, no, it's just a piece of wire, and we ignore it completely. We make zero effort to optimize bandwidth, and, you know, it's kind of an overstatement, but we just completely ig…”

“I think that's going to change over time. You know, we're seeing more and more investment from chipset makers like Intel and Qualcomm trying to make it easier for more OEMs to bring drones to market. We're seeing significant contributions to open source flight…”

“And then in chips, it's not Intel, it's ARM and Qualcomm.”

“We actually just bought a company that was spun out of Qualcomm called Gimble.”