Qualcomm CEO Cristiano Amon said Tuesday the chipmaker’s move beyond smartphones is working — but we want to see the Club holding’s upcoming earnings report before we rethink our cautious approach. In a CNBC interview, Amon said Qualcomm is positioned to capitalize on the growing need for semiconductors in products well beyond cellphones — a key prong to the Club’s investment thesis in the company. At the same time, he said, Qualcomm is able to serve, as needed, important longtime customers such as Apple (AAPL), which uses Qualcomm’s modem chips to enable cellular communication in iPhones. “We realized the technologies we developed for mobile are finding its way into a number of other industries” that need computing power and internet connectivity outside the traditional data center, Amon said. This generally refers to the “internet of things,” covering products such as smart…
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