that is the issue now. ♪ steve: there is probably no better opportunity and partner for qualcomm then appleemily: qualcomm is a company that touches the lives of billions of people. you have been in most iphones of the this point in a lot of people don't know what qualcomm is. does that bother you? steve: no. i think it is part of our success. our job is to make the technology available to people. who purposely stay behind their brand. we don't pick favorites. emily: let's talk about apple. for long time, this is your biggest customer and now they are your biggest nemesis. how would you describe your relationship with apple today? steve: we have a disputesteve: over the price of ip. we think that is moving to a time where our strategy is unfolding in the environment is such i think you are in a position where it will get done. at the same time, i think there is probably no better opportunity and partner for qualcomm into work with apple. it makes sense that the technology leader in mobile would be partnered with the technology leader. the way we think about the business is eventually you ge

get a blank look and yet, qualcomm has been in business headlines almost constantly over the last couple of years because of a dispute with apple, qualcomm's biggest customer. thenthe white house killed a takeover of qualcomm by broadcom . in the midst of a trade war, china effectively killed the takeover of another chipmaker, all setting up challenges or perhaps new opportunities for qualcomm readership. joining me today is steve mollenkopf. thanks for being here. steve: happy to be here. emily: you have a few things going on. you are in the dirt lawsuits with apple around the world. you fended off a hostile takeover of your company you had , a failed deal this past year. what did i miss? steve: you have not missed anything. i would say we are at the center of a lot of key technology which tends to make us interesting from a partner point of view. we don't tend to do anything small. when i look at it, if anything proved the importance of the technology that we work on. emily: would you have taken the job if you had known of all the complex situations you would be giving with? steve: yes, it was clear we knew what we wanted to do next and so a lot of these thing

at the same time, there is no opportunity and partner for qualcomm then to work with apple.kes sense that they would be partnered. those things tend to work out. the way we think about the businesses you get the disputes figured out and you move on. believe apple over the customer? steve: if you have leadership technology, your roadmap will eventually dominate the business relationship. there's no reason why that should be the case. emily: you are taking of the world's most viable company. they say the patents they are paying you for are invalid. how does something so better get resolved favorably? steve: bitter might be the wrong term. we have had disputes with licensees in the past. it's no different than that. these are just bigger companies. company,a very large but we are not a small company in terms of executing the strategy we have. those things will get resolved. sometimes on the courtroom steps, sometimes they don't. the strategy is playing the way we always thought. as more retail shifts online, a growing segment is home wares. wayfarer says they are growing at 15%

qualcomm believes give it the leverage to force apple to come to the table. on the flipside, if the cases keep going against qualcomm, if the judges keep saying no, we are not interested, thenin a strong position to push forward. emily: put it in the context of the broader -- broader dispute that has been going on around the world between qualcomm and apple and threatens a huge part of their business, the licensing business. the licensingat business, before the apple dispute was about one third of qualcomm's revenue and about two thirds of profitability. it's very high-margin biscuit -- business. in terms of the legal dispute, which counted up over 100 individual legal proceedings that make up the patent litigation. there are administrative proceedings challenging the past that qualcomm has asserted. it's looking at the standard essential portion of qualcomm's in some offolio and the add-ons, which is value that is in critical to phones but is kind of optional. a wide sweeping dispute across a lot of jurisdictions, and i think the timing from a litigation perspective is about right when you see something up for resolution. at the beginning of this quarter and next quarter,

apple. >> that was micron >> qualcomm. >> the dardanger of being too ne is the deal with china, some say it's 10% a headline on that, then you've got a pop in the opposite direction times a lot of what you're seeing on the screen of the dow now falling to the lows of f the day as apparently, the president is talking about more tariffs are china. >> the b problem with the lingering tariff conversation is that i think a lot of people have avoided the clear losers in the tariff talks we have tech companies with a lot of exposure to china this could be not only some of the fang stock testimony, but we could see looking at these semi companies, this could be meaningful >> how about the supply chain for all these technology companies, which weaves back and forth, not only with china, but with the southeast asian economies that are tied into china and oh, yeah, by the way, we're worried about emerging markets. this has implications that are huge >> i would caution all of you that if the market is move ng the manner in which it is now because of the headline of the president talking about another 267 billion in tariffs on china