# CEO Cristiano Amon expressed optimism about recovering from recent market setbacks.

*semiconductor · news · 2026-04-30 · Devdiscourse*

## Key points

- Qualcomm shares surged over 13% on renewed optimism for smartphone and data center businesses.
- Qualcomm is co-developing an AI-focused smartphone in partnership with MediaTek.
- Apple's in-house modem chip development could significantly reduce Qualcomm's future market share.
- Rising memory chip prices are decreasing consumer electronics demand, impacting Qualcomm's core markets.

**Companies:** Qualcomm, Apple, MediaTek
**Countries:** United States

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/technology/3892352-qualcomms-bold-horizon-navigating-chip-markets-amid-challenges)

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