Taiwan Semiconductor Manufacturing CompanyQualcomm CEO Cristiano Amon told CNBC on Tuesday that the promise of S$100 billion aimed at expanding U.S. manufacturing is “good news”, adding that it helps diversify debris locations.
Amon also spoke about US President Donald Trump’s tariff policy, which suggests that long-term technological trends will outweigh any short-term uncertainty.
Trump announced on Monday TSMC to invest $100 billion in the United States. This will be used to build more chip-made plants in Arizona. TSMC is the world’s largest semiconductor manufacturer and provides chips for companies such as Qualcomm apple and Nvidia.
Under Trump and former President Joe Biden, the United States is trying to bring more cutting-edge chip manufacturing to U.S. land, citing that bringing these advanced technologies closer to domestic is a matter of national and economic security.
Many in the technology industry support these programs, including Qualcomm.
“Look, that’s good news,” Amon said. “This shows that semiconductors are important. It’s crucial to… the economy. Economic security means entering semiconductors. More and more manufacturing is the music of our ears.”
Amon said some of Qualcomm’s chips are already produced at TSMC’s existing Arizona plant, and in the future, the company will acquire more semiconductors in the U.S.
“TSMC is a manufacturer of Qualcomm. They have a facility in Arizona. We have built chips in Arizona. They think the more we will use it, the more we will use it in Taiwan and we will use it in other locations,” Amon said.
Companies around the world are also digesting Tariff collection The United States has other responsibilities in Mexico and Canada and China.
Qualcomm CEO Cristiano Amon spoke at the Computex Forum in Taipei, Taiwan on June 3, 2024.
Ann Wang | Reuters
Amon said it is difficult to predict the impact of tariffs on Qualcomm at present.
“It’s hard to say because you don’t know how this will go. The interesting thing is that we’re very big
Chip exporter. We are not importers of chips…the chips are going to the device. They are made around the world and it’s hard to really know what’s going on. ” Amon said.
“We will just navigate based on the results.”
Qualcomm CEO said there are many key technology trends that could support the U.S. giants’ business in the context of short-term tariff uncertainty.
We are at the beginning of “starting a major upgrade to AI smartphones. We’re seeing PCs change to AI PCs. Cars are turning into computers. That’s what drives our business, not necessarily what we see in the near term.”
