Qualcomm CEO sees a ‘very big ‘ opportunity in the Metaverse

Qualcomm, one of the largest fabless mobile chip makers, has raised its hopes about the future of the metaverse and the business opportunities that await companies and consumers in the area.

Qualcomm CEO Cristiano Amon believes that, though there is much to do in the development space, this development is real and will bring a very big opportunity for the people involved.

Qualcomm is focused on the importance that this new technology might bring to the chip and electronic consumer market in the not-so-distant future.

Cristiano Amon, CEO of the company, explained the importance that the company gives to the metaverse in an interview with Yahoo Finance.

Amon explained that the Metavers is real and “it’s going to be a very big opportunity. We started investing in fundamental technologies that allow the merger of physical and digital spaces over a decade ago.”

To Amon, the metaverse means that there will be a need for specialized software for applications that will emerge to provide the metaverse feel for different targets.

Qualcomm’s CEO believes there could be a big market for wearables that will be able to provide metaverse augmentations for people on the go. Amon stated:

We have a number of different developments to eventually be able to create companion to your smartphone with fully immersive augmented reality glasses that actually is going to look like [normal glasses]. I think that’s a big opportunity. It could be as big as phones.