Qualcomm CEO Thinks India Could Be A Foundry Destination, Calls For Diversified Semiconductor Supply Chain: Report

Qualcomm Inc. (QCOM) CEO Cristiano Amon reportedly said on Thursday that India could be a destination for foundries.

During an interview with CNBC on the sidelines of the India AI Impact Summit 2026, the Qualcomm CEO also called for the diversification of the global semiconductor supply chain.

“We’re very proud and privileged, as a global company, of the team that we have built in India. Outside of the United States, one of the largest R&D sites for Qualcomm is India,” he said.

Qualcomm shares were down nearly 0.6% in Thursday’s pre-market trade. Retail sentiment around the company trended in the ‘bearish’ territory at the time of writing.

Get updates to this developing story directly on Stocktwits.

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