On the morning of October 20, Beijing time, it was reported that in the past few months, the stock prices of chip companies had not performed well. A recent report issued by Deutsche Bank predicted that this financial reporting season may show more signs of weakness. However, Qualcomm CEO Cristiano? Cristiano Amon is still optimistic about the future of the chip industry, especially the long-term future. He believed that there had been a shortage of chips since the beginning of the COVID-19 epidemic, prompting people outside the industry to begin to realize the importance of chips. Qualcomm currently provides chips for a variety of devices, including mobile phones, laptops, smart cars and virtual reality devices. At the Qualcomm Venture Capital CEO Summit on Thursday local time, Ammon said: "When focusing on economic growth, people realized that chips are an important part of the digital economy. As for the digital transformation of enterprises, chips are necessary for companies that want to improve efficiency. Because you need to achieve connectivity, chips are becoming extremely important." In other words, "The story of the chip is still as good as ever." At present, the volatility of the stock market, the rising inflation rate and the hawkish stance of the Federal Reserve not only challenge Qualcomm, but also affect all technology companies. As of this Wednesday, the NASDAQ 100 index has fallen about 32% this year. Qualcomm's revenue and profit in the last quarter exceeded analysts' expectations. The company will release its fourth fiscal quarter financial report in early November. So far this year, Qualcomm's share price has fallen by about 40%. Ammon said: "As we said in the financial report, in the short term, due to macroeconomic reasons, we have seen some growth slowdown." After Anmeng became CEO in 2021, Qualcomm launched its business diversification strategy. In the short term, this strategy remains the core of Qualcomm. For example, Li Qun, global head of Qualcomm Ventures, said that Qualcomm Ventures focuses on building Qualcomm's ecology in forward-looking fields such as virtual reality through investment. He said that now is a better investment opportunity than expected. "If you look at the last cycle, many large companies actually started and developed in difficult times. From the perspective of investors, we have configurable capital. I think now is a better time to invest than the same period last year. I don't think the current time is bad." (Liu Xinshe)