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

Categorized in : 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

A heart monitor is only useful if it's being remotely monitored if there's security. That is a massive issue that you need to solve. The difference between having the Internet in your phone and having the Internet understand your pulse and the motion of all of your limbs. There's just a different level of security and robustness that's required.

Steve Mollenkopf

phone you internet heart