rewrite this title QUALCOMM Incorporated (QCOM) Deutsche Bank 2025 Technology Conference (Transcript)

QUALCOMM Incorporated (NASDAQ:QCOM) Deutsche Bank 2025 Technology Conference August 28, 2025 2:45 PM ET

Company Participants

Nakul Duggal – Senior VP and GM of Automotive & Cloud Computing of Qualcomm Technologies, Inc.

Conference Call Participants

Ross Clark Seymore – Deutsche Bank AG, Research Division

Ross Clark Seymore

All right. Good. I guess it’s still morning for us out here. So thanks, everybody, for coming back. We’ll get started with our next fireside chat. We’re very happy to have Nakul Duggal, who is the group GM of the Automotive and Industrial business at Qualcomm. Qualcomm as you all know, is heavily into the handset side of things, but is over the last 5 years plus is heavily invested on diversifying their business, and Nakul is the head of some of the biggest portions of that. Probably, at least in my estimation, I don’t think the company has really said it, but probably runs somewhere upwards of 1/4 to nearly 1/3 of the company. So we’re very happy that you could come up.

Nakul Duggal

Thank you for having me.

Question-and-Answer Session

Ross Clark Seymore

So why don’t we jump into a little bit about the diversification strategy at the highest level. How are you — and we’ll dive into the individual businesses here in a bit. But at the highest level, the goal to diversify, the resources you’re given, the strategic imperative, all of that, whether it’s the Board or Cristiano or Akash, how are you tasked for running that?

Nakul Duggal

So thank you again for having me. I’ve been with the company for — I celebrated 30 years in June. So I understand the history of the company. I understand how we invest. I understand how we build ecosystems. One of the things that became pretty clear as we were focused on diversification about 10-ish years