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00:02Qualcomm said robotics could become a larger opportunity within two years
00:06as it expands beyond smartphones, according to CNBC.
00:10CEO Cristiano Amon said at Mobile World Congress in Barcelona
00:14that the segment will start to get scale within that time frame.
00:17In January, Qualcomm introduced a robotics processor
00:20under its Dragonwing brand to run across multiple robotics platforms.
00:25Robotics includes industrial machines and humanoid robots
00:28developed by Tesla and Chinese companies.
00:31McKinsey estimates the general-purpose robotics market
00:33could reach $370 billion by 2040,
00:37while RBC Capital Markets forecasts a $9 trillion humanoid robot market by 2050.
00:43Shares were down by 1.44% at $139 in pre-market trading on Tuesday,
00:49according to Benzinga ProData.
00:51For all things money, visit Benzinga.com.
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