‘We’re in a Hurry.’ A New CEO Scrambles to Cope With a Global Chip Crisis.
Months before Cristiano Amon started as CEO of Qualcomm Inc., he already was at work on his first crisis. To solve it, he sat in a mostly empty meeting room in Taipei and pleaded with executives from one of the world’s biggest semiconductor makers for more chips.
He needed the help so that Qualcomm, a designer of circuits that go into hundreds of millions of electronic devices every year, could chase new markets and meet demand from big customers such as Apple Inc., Samsung Electronics Co. and China’s top handset-makers. In fact, he needed the assistance so much that he got permission from the Taiwanese government to arrive in March and then waited through a three-day quarantine. Once he and his team got to the meeting place in a Taipei hotel, they negotiated with counterparts across a large room outfitted with microphones and speakers to communicate.