# Episode 93: Arm/QCOM Earnings, Trump Presidency Impact on Semis, NVDA Preview

- Show: [The Circuit](https://hardwarepodcasts.com/podcast/the-circuit)
- Published: 2024-11-11
- Length: 37m
- Episode: 93
- Page: https://hardwarepodcasts.com/podcast/the-circuit/2024-11-11-episode-93-arm-qcom-earnings-trump-presidency-impact-on-semis-nvda-preview
- Listen: https://share.transistor.fm/s/22cb4fbc

## Summary

Ben Bajarin and Jay Goldberg analyze recent earnings from Arm and Qualcomm, highlighting Arm's conservative guidance and ongoing lawsuit with Qualcomm, while noting Qualcomm's strong automotive diversification despite margin pressures from TSMC price hikes. They discuss the potential impact of the Trump presidency on semiconductor policy, focusing on government support for Intel, tariffs, and trade relations with China. Finally, they preview Nvidia's upcoming earnings, noting that Blackwell demand remains supply-constrained by TSMC packaging capacity, with concerns about future demand sustainability and H100 pricing.

## Chapters

- [0:06](https://hardwarepodcasts.com/podcast/the-circuit/2024-11-11-episode-93-arm-qcom-earnings-trump-presidency-impact-on-semis-nvda-preview#t=6) Introduction: Arm and Qualcomm Earnings Overview
- [1:19](https://hardwarepodcasts.com/podcast/the-circuit/2024-11-11-episode-93-arm-qcom-earnings-trump-presidency-impact-on-semis-nvda-preview#t=79) Arm Earnings Analysis: Lawsuit, Guidance, and V9 Business Model
- [11:57](https://hardwarepodcasts.com/podcast/the-circuit/2024-11-11-episode-93-arm-qcom-earnings-trump-presidency-impact-on-semis-nvda-preview#t=717) Qualcomm Earnings: Automotive Growth, TSMC Costs, and Market Reaction
- [19:03](https://hardwarepodcasts.com/podcast/the-circuit/2024-11-11-episode-93-arm-qcom-earnings-trump-presidency-impact-on-semis-nvda-preview#t=1143) Trump Presidency Impact: Intel Support, Tariffs, and China Policy
- [31:45](https://hardwarepodcasts.com/podcast/the-circuit/2024-11-11-episode-93-arm-qcom-earnings-trump-presidency-impact-on-semis-nvda-preview#t=1905) Nvidia Preview: Blackwell Supply Constraints and Future Demand

## Topics

- [Chips, FPGAs & semiconductors](https://hardwarepodcasts.com/topic/chips-and-fpgas)
- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)
- [Sourcing & supply chain](https://hardwarepodcasts.com/topic/sourcing-and-supply-chain)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)

## Most relevant to

large enterprises

## Mentioned

- Arm (company)
- Qualcomm (company)
- Nvidia (company)
- TSMC (company)
- Intel (company)
- Blackwell (product)
- H100 (product)
- GB200 (product)
- MediaTek (company)
- Apple (company)
- Huawei (company)
- Broadcom (company)
- Super Micro (company)
- Dell (company)

## Related episodes from other shows

- [Seismology 1: Nvidia & Arm | Seismology 2: US IC Manufacturing on the Rebound](https://hardwarepodcasts.com/podcast/ee-times-current/2020-08-07-seismology-1-nvidia-arm-seismology-2-us-ic-manufacturing-on-the-rebound) (EE Times Current)
- [Fear & Loathing on the M&A Trail](https://hardwarepodcasts.com/podcast/ee-times-current/2021-02-26-fear-loathing-on-the-m-a-trail) (EE Times Current)
- [EE Times Weekly Briefing: Friday, February 1, 2019](https://hardwarepodcasts.com/podcast/ee-times-current/2019-02-02-ee-times-weekly-briefing-friday-february-1-2019) (EE Times Current)
- [Bonkers Birthday Badinage](https://hardwarepodcasts.com/podcast/the-amp-hour/2012-06-18-bonkers-birthday-badinage) (The Amp Hour)
- [CEO Interview: Mike Henry of Mythic | The Biggest Chip Deal Ever | Do Androids Dream of Electric Smartphones?](https://hardwarepodcasts.com/podcast/ee-times-current/2020-09-18-ceo-interview-mike-henry-of-mythic-the-biggest-chip-deal-ever-do-androids-dream) (EE Times Current)

## Citing this page

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