Cars are now saying, 'I need special features because I'm going to rely on the network for mission critical things, safety, transportation efficiency.' Steve Mollenkopf More Quotes by Steve Mollenkopf More Quotes From Steve Mollenkopf We're continuing to see strength in the licensing business, particularly after we've added in the deal we signed this year with Apple Inc -LRB- AAPL.O -RRB-, and we're on the front end of the 5G transition, which will impact our product business, we're closer to that and we're really seeing the signs that we should be confident. Steve Mollenkopf technology Today, billions of mobile devices with extraordinary power are uniting with advancements in robotics artificial intelligence, nanotechnology, and so much more. Steve Mollenkopf more intelligence power today People tend to associate Qualcomm with the chip - and they should: We're an excellent chip company - but I think we have a larger role in the ecosystem of cellular that I think people are not aware of. And our relevance to more consumer electronics - and, I would say, industries - is actually just increasing. Steve Mollenkopf say think company people 5G will have an impact similar to the introduction of electricity or the car, affecting entire economies and benefiting entire societies. Steve Mollenkopf will electricity impact car If you look back to 2008, people didn't have smartphones. Now everyone essentially has a smartphone. Steve Mollenkopf back look you people As a company, whatever the business outlook is, you want to make sure you have new skill sets coming into the company. Steve Mollenkopf skill new you business When people talk about wearables, when people talk about connected XYZ - home, car, whatever - those are all smartphone technologies. Steve Mollenkopf whatever car home people Qualcomm is this big innovation house that tries to figure out how we can get as many people as possible using the cellular road map. The smartphone is just the first step along that journey. Steve Mollenkopf step innovation journey people If we don't figure out a way to have secure, connected healthcare, or connectivity and computing, we won't have that industry develop. Steve Mollenkopf out healthcare industry way The internet business model changed dramatically. You would never have an Uber, you would never had an Instagram, if you didn't have a connected computer in your pocket that didn't also have a camera or a GPS. Steve Mollenkopf camera you internet business I was the youngest kid on our street in Baltimore, and I was always playing sports with kids who were older than me. You learn a lot that way. Steve Mollenkopf street me you sports Both parents were teachers. My father became an assistant principal, and he was responsible for discipline at the school. So I didn't get away with much at home. Steve Mollenkopf parents discipline home father You want to encourage yourself to take risks. If you make a mistake trying to do something, you can fix it later. Steve Mollenkopf risks yourself you mistake I knew I wanted to be an engineer, but I didn't know what type of engineer. I chose electrical engineering primarily because it was the hardest one to get into. It's ridiculous when I think about it now, but it worked out OK. Steve Mollenkopf think know electrical engineering If you look at a company like Qualcomm, we're a big exporter. We essentially have tremendous revenue offshore and large employment onshore. I think it's very difficult to make big changes in that. Steve Mollenkopf look think you difficult The licensing business is about licensing the full portfolio of Qualcomm's patents. Some of them involve the chip. Some of them don't involve the chip. In fact, the vast majority of them don't involve the chip. Steve Mollenkopf portfolio about some business Every major car company is trying to figure out, 'How do I deploy the Internet into the car? How do I get cars to talk to each other? How do I get more safety? How do I get the ownership experience to change dramatically as a result?' Steve Mollenkopf internet car experience change People tend to not forgo purchasing a cellphone. In many places in the world, the first time they get on the Internet is through a cellphone. Pretty significant economic push, particularly in the emerging market. Steve Mollenkopf internet time people world If you look at the developed world, people have multiple devices now. And a phone works with a watch, with a car, with a tablet, with a number of other type of devices. Steve Mollenkopf look you car people When you go in to get your car serviced, they plug it in and tell you everything that happened for the last six months. I walk in and get a stress test from my doctor, and they make a conclusion based off of that. That doesn't make sense to me. I would much prefer to have all of the data about myself and less about my car. Steve Mollenkopf walk myself me car
