Steve Mollenkopf

Today, billions of mobile devices with extraordinary power are uniting with advancements in robotics artificial intelligence, nanotechnology, and so much more.

Cars are now saying, 'I need special features because I'm going to rely on the network for mission critical things, safety, transportation efficiency.'

5G will have an impact similar to the introduction of electricity or the car, affecting entire economies and benefiting entire societies.

Qualcomm is this big innovation house that tries to figure out how we can get as many people as possible using the cellular road map. The smartphone is just the first step along that journey.

If you look back to 2008, people didn't have smartphones. Now everyone essentially has a smartphone.

I was the youngest kid on our street in Baltimore, and I was always playing sports with kids who were older than me. You learn a lot that way.

Every major car company is trying to figure out, 'How do I deploy the Internet into the car? How do I get cars to talk to each other? How do I get more safety? How do I get the ownership experience to change dramatically as a result?'

The licensing business is about licensing the full portfolio of Qualcomm's patents. Some of them involve the chip. Some of them don't involve the chip. In fact, the vast majority of them don't involve the chip.

The internet business model changed dramatically. You would never have an Uber, you would never had an Instagram, if you didn't have a connected computer in your pocket that didn't also have a camera or a GPS.

As a company, whatever the business outlook is, you want to make sure you have new skill sets coming into the company.

People tend to associate Qualcomm with the chip - and they should: We're an excellent chip company - but I think we have a larger role in the ecosystem of cellular that I think people are not aware of. And our relevance to more consumer electronics - and, I would say, industries - is actually just increasing.

If you look at the developed world, people have multiple devices now. And a phone works with a watch, with a car, with a tablet, with a number of other type of devices.