Core Insights - The article discusses the transformative impact of AI on traditional industries, particularly in the chip sector, highlighting the ongoing evolution of AI models and their implications for various applications [1][2]. Group 1: AI Development Trends - AI is expected to evolve from generative AI to intelligent agent AI, with a slowdown in the scaling law during the pre-training phase [1]. - The integration of physical intelligence and biological intelligence is anticipated, leading to new breakthroughs in sectors like AI healthcare and drug development [3]. - By 2030, autonomous driving technology is projected to scale rapidly, with a significant increase in the number of robots expected to surpass humans by 2035 [3]. Group 2: Qualcomm's Strategic Focus - Qualcomm is actively exploring new markets, particularly in robotics and smart wearable devices, which are expected to achieve widespread adoption [2]. - The company has launched the "Leap Dragon" brand to cater to industrial and embedded IoT markets, aiming to build a comprehensive platform matrix [2][5]. - Qualcomm emphasizes the importance of adapting existing chip technologies to meet the specific needs of emerging applications, such as automotive and robotics [4]. Group 3: Collaboration and Market Dynamics - Qualcomm has established joint innovation centers with local supply chain partners in China to foster development in AR/VR technologies [5]. - The company has a long history of collaboration with Chinese telecom operators, contributing to the evolution of communication technologies from 3G to 5G [6][7]. - Qualcomm's strategy includes creating application demonstration cases to help industries realize the value of technology, particularly in the context of smart manufacturing [9].

9月25日至26日，第十九届重庆市市长国际经济顾问团会议在渝州宾馆举行。本届会议以"打造AI应用高地，赋能产业高质量发展"为主题，彰显出重庆对新 一轮科技革命和产业变革浪潮的深度思考与主动拥抱。高通公司全球副总裁夏权出席会议，并发表了题为"AI赋能制造业转型升级，助力重庆打造新质生产 力高地"的主题演讲，围绕人工智能时代重庆市产业转型与升级分享了一些观察与思考。 人工智能是新一轮科技革命和产业变革的重要驱动力，也是发展新质生产力的关键引擎。如今，人工智能技术正从单点突破迈向全域赋能，日益成为推动全 球产业变革的核心驱动力。近期，国务院印发《关于深入实施"人工智能+"行动的意见》，不仅为人工智能和经济社会各领域的深度融合划定了清晰路径， 更为所有行业参与者打开了前所未有的发展空间。 重庆是有名的"制造重镇"，拥有全国41个工业大类中的39个，以及全部31个制造业大类。夏权表示，重庆作为"制造重镇"在重点产业提质增效过程中有着良 好的积累与机遇，尤其是在工业机器人、智能网联汽车、物联网三大领域。 其中在工业机器人领域，重庆已经形成完整产业链，是重要的机器人生产基地。夏权指出，工业机器人正处在加速普及与应用拓展关键 ...

Core Viewpoint - The 14th China Intellectual Property Annual Conference focused on "Intellectual Property in the Digital Age," highlighting the importance of IP in fostering innovation and collaboration in the context of AI and 5G/6G technologies [1][5]. Group 1: Qualcomm's Role and Contributions - Qualcomm's global senior vice president, Qian Kun, emphasized the company's commitment to technology innovation as a driving force for digital transformation, with a cumulative R&D investment exceeding $100 billion over 40 years [4][8]. - The company holds a leading patent portfolio with a total of 160,000 authorized patents and applications, covering various mobile technologies and creating significant value for consumers and industries [4][8]. - Qualcomm's business model focuses on "invention, sharing, and collaboration," which involves sharing innovation through technology licensing and chip products, and collaborating with industry partners to bring technologies to market [9]. Group 2: AI and 5G/6G Developments - The year 2022 marked the beginning of 5G Advanced development, laying the groundwork for 6G, which is seen as a "communication revolution" aimed at integrating AI deeply into communication systems [3][7]. - Qualcomm is actively participating in the global standardization of 6G and is conducting cutting-edge research to ensure AI's integration into future communication technologies [3][7]. Group 3: Collaboration with Chinese Partners - Qualcomm has maintained deep collaborations with numerous Chinese mobile manufacturers, helping them create competitive products, including the Snapdragon 8 flagship platform designed for AI applications, which supports over 180 terminal designs [10]. - In the automotive sector, Qualcomm's Snapdragon digital chassis supports over 210 models from Chinese automotive brands, enhancing smart mobility experiences [10]. - The company has initiated several collaborative projects, such as the "5G Leading Plan" and "5G IoT Innovation Plan," which have significantly contributed to China's leadership in the global 5G smartphone and IoT markets [9][10]. Group 4: Intellectual Property Landscape in China - China's ranking in the Global Innovation Index has improved to 11th place, leading among middle-income economies, with a significant number of top global tech clusters [5][11]. - Strengthening IP protection in China is viewed as crucial for encouraging domestic innovation and attracting foreign investment, particularly in the context of AI and 5G/6G technologies [5][11].

Core Viewpoint - Qualcomm reported a total revenue of $10.98 billion for Q2 FY2025, exceeding consensus estimates by 3.26% [1][2]. Financial Performance - Total Revenue: $10.98 billion, with a year-over-year decline of 16.9% [1]. - Gross Profit: $6.04 billion, with a gross margin of 55.0% [1]. - Net Income (GAAP): $2.81 billion, representing a net profit margin of 25.6% [1]. - Non-GAAP EPS: $2.85 [3]. - QCT (Qualcomm CDMA Technologies) revenue reached $9.47 billion, while QTL (Qualcomm Technology Licensing) revenue was $1.35 billion [4]. Growth Highlights - Automotive and IoT business revenues grew by 59% and 27% year-over-year, respectively [5]. - The company returned $2.7 billion to shareholders, including $938 million in dividends and $1.7 billion in stock buybacks [6]. Technology and Product Developments - Launched the x85 5G platform, expected to be applied in smartphones, automotive, and IoT products in the second half of the year [7]. - Over 90 flagship models featuring Snapdragon 8 Elite have been launched by Android OEMs [7]. - In the AI PC sector, over 85 designs are in production or development, targeting over 100 designs by 2026 [7]. - Collaborated with Meta and Google to advance XR business, with over 15 smart glasses designs in development [8][9]. - Partnered with Palantir for industrial IoT advancements [10]. Financial Outlook - For Q3 FY2025, non-GAAP revenue is expected to be between $9.9 billion and $10.7 billion, with non-GAAP EPS projected between $2.60 and $2.80 [14]. - QTL revenue is anticipated to be between $1.15 billion and $1.35 billion, while QCT revenue is expected to be between $8.7 billion and $9.3 billion [15][16]. - Mobile business is projected to grow approximately 10% year-over-year, with IoT and automotive businesses expected to grow around 15% and 20%, respectively [17]. Acquisition - Qualcomm announced the acquisition of Edge Impulse, a leading edge AI development platform, enhancing its capabilities in various applications [18].

Group 1 - The core viewpoint of the articles highlights Qualcomm's significant role in advancing automotive intelligence and driving assistance technologies, showcasing its latest achievements at the 2025 Shanghai Auto Show [1][2][3] - Qualcomm's Snapdragon Ride platform is designed to provide performance, efficiency, and cost solutions for various levels of driving assistance systems, facilitating easier product development for partners [1][2] - The automotive industry's shift towards smart electric vehicles is fostering diverse collaborations within the supply chain, with over 65 companies at the Shanghai Auto Show being Qualcomm's automotive ecosystem partners [2] Group 2 - Qualcomm's collaboration with various automotive manufacturers, including Baojun, Leap Motor, and Chery, demonstrates its commitment to providing flexible and scalable solutions for smart cockpit and driving assistance systems [2] - The company emphasizes the importance of building an open and localized software ecosystem to support a wide range of vehicle models, reflecting its diversified development strategy [3] - Qualcomm aims to continue supporting Chinese partners in innovation, contributing to a new era of intelligent, safe, and efficient transportation [3]