The 50-year-old Brazilian has been at Qualcomm since 1995 and became president in 2018. It's this situation - more than competition or a lukewarm consumer reception to 5G - that worries Qualcomm's incoming CEO, Cristiano Amon. Even Qualcomm, the world's biggest mobile chipmaker, can't get enough processors to meet the demands of its handset customers. There also are shortages in chips for Sony Playstation 5 and Microsoft Xbox Series X consoles, and people have been camping out - during a pandemic - to buy Nvidia's graphics processors. Because Ford, General Motors, Toyota and others can't get certain electronic components they need, they're cutting production on vehicles like the Ford F-150.Īnd it's not just cars. It's a major semiconductor shortage that's hurting automakers across the globe. The biggest news in the automotive industry right now isn't new electric vehicles or Tesla CEO Elon Musk's latest comments. Cristiano Amon will become Qualcomm's new CEO in June.
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