literally moments before stepping on stage. >> come back and tell us how it is. >> will do. >> keith terry from goldmananks. >> thanks. >> the dow managing to stem its losses somewhat. we're down about 191. when we come back, more on the chip industry. the ceo of qualcomm will join john fort in just a minute. >>> welcome back to squawk alley. i'm john fort with qualcomm ceo with john mollenkopf. chips are in pretty much everything mobile and beyond more and more. let's talk about china to start off. i'm seeing all these press releases over the past few days about licensing agreements with various chinese companies. of course, that had been the question, how long it would take for those companies to actually come on board, and investors have been wondering are they paying the right price going forward? has that licensing business finally stabilized as far as china is concerned? >> well, i think december was a good month. we feel like we're building momentum, and i think we tried to be clear in the press releases that the agreements that we signed up to are consistent with the terms that we agreed with t