Qualcomm Has ‘Limited’ Exposure to China Lockdowns: CFO

Exacerbation of the industry supply chain woes from the COVID-19 lockdowns in China is rendering “a different story for everyone,” Qualcomm Chief Financial Officer Akash Palkhiwala told a J.P. Morgan investors conference Monday. Qualcomm’s sourcing capabilities are “very diversified from a total supply perspective,” he said. It uses Taiwan Semiconductor Manufacturing Co. and Samung as its foundry sources, “and on the backend side, we use a combination of several suppliers, so our exposure to China is limited,” he said. “There's pockets of things we're navigating through” in the supply chain, “but nothing that really directly impacts us at scale,” he said.