Qualcomm CEO Cristiano Amon to attend Trump’s state dinner with Xi Jinping

The chipmaker's chief joins a growing roster of tech executives navigating the most consequential business relationship on the planet

by Editorial Team

Thu 17 Sep 2026 · 17:07 EDT 2 min read

In Politics

QUALCOMM Incorporated (QCOM) price

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Last close: $183
Close-to-close change: −0.7%
Market cap: $192.1B (shares as of 2026-07-27)
P/E (trailing): 20.9 (EPS to 2026-06-28)
Annual revenue: $44.3B USD (FY ended 2025-09-28) 10-K
Annual revenue growth: +13.7% (FY ended 2025-09-28 vs FY ended 2024-09-29) 10-K
Annual net income: 5,541,000,000 USD (FY ended 2025-09-28, attributable to the company) 10-K
Annual operating margin: 27.9% (FY ended 2025-09-28)
Forward P/E: Unavailable: no dated forecast source

Gloria daily close for session Oct 28, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

QUALCOMM Incorporated and its peers

Company	Price	Market cap	P/E (trailing)	Forward P/E	Annual revenue (USD)	Annual revenue growth	Annual net income (USD)	Operating margin
QUALCOMM Incorporated QCOM · Price dated Oct 28, 2026	$183	$192.1B	20.9	Unavailable	$44.3BFY ended 2025-09-28 · 10-K	+13.7%FY ended 2025-09-28 vs 2024-09-29 · 10-K	5,541,000,000FY ended 2025-09-28, attributable to the company · 10-K	27.9%FY ended 2025-09-28
Lumentum Holdings Inc. LITE · Price dated Oct 28, 2026	$914	$82.0B	Not meaningfulLoss, diluted EPS −92.96 to 2026-06-27 · SEC filing	Unavailable	$3.0BFY ended 2026-06-27 · 10-K	+83.2%FY ended 2026-06-27 vs 2025-06-28 · 10-K	−6,935,100,000FY ended 2026-06-27, attributable to the company · 10-K	17.4%FY ended 2026-06-27
Analog Devices Inc. ADI · Price dated Oct 28, 2026	$428	$207.5B	50.9	Unavailable	$11.0BFY ended 2025-11-01 · 10-K	+16.9%FY ended 2025-11-01 vs 2024-11-02 · 10-K	2,267,342,000FY ended 2025-11-01, attributable to the company · 10-K	26.6%FY ended 2025-11-01
GE Vernova Inc. GEV · Price dated Oct 28, 2026	$878	$232.4B	23.1	Unavailable	$38.1BFY ended 2025-12-31 · 10-K	+9.0%FY ended 2025-12-31 vs 2024-12-31 · 10-K	4,884,000,000FY ended 2025-12-31, attributable to the company · 10-K	3.6%FY ended 2025-12-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings and Gloria daily closes. Oldest record refresh: Oct 28, 2026, 3:41 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Qualcomm CEO Cristiano Amon is set to attend the state dinner between President Donald Trump and Chinese President Xi Jinping, joining a who’s-who of American tech leadership at what has become the most closely watched diplomatic table setting in years.

Silicon Valley’s diplomatic circuit

Amon won’t be dining alone. The guest list reads like a NASDAQ leaderboard: Apple’s Tim Cook, Tesla’s Elon Musk, and Nvidia’s Jensen Huang have all been part of the broader delegation engaging with Chinese leadership. Representatives from Boeing, GE Aerospace, and major financial firms round out the business contingent.

Amon himself characterized his participation at the May 2026 Beijing summit as a demonstration of “the strength of the American technology and semiconductor industry on the global stage.”

The Beijing dinner, held on May 14, saw Trump and Xi exchange toasts emphasizing partnership and what officials described as constructive strategic stability.

A follow-up state dinner is scheduled for September 24 in Washington, D.C. Expected attendees include Huang, OpenAI CEO Sam Altman, and Cook.

Why Qualcomm’s presence matters

Qualcomm occupies a uniquely awkward position in the US-China tech rivalry. The San Diego-based chipmaker designs processors that end up in smartphones, cars, and IoT devices manufactured overwhelmingly in China. Its customers include some of China’s largest electronics brands. But its technology is also subject to US export controls designed to limit China’s access to advanced semiconductors.

Qualcomm’s stock reached record highs around May 2026, buoyed by sector-wide enthusiasm around the prospect of eased export controls and improved access to the Chinese market. Investors read Amon’s presence at the Beijing dinner as a leading indicator that negotiations were trending in a favorable direction for American chipmakers.

The bigger picture for tech and trade

The focus of these discussions has centered squarely on semiconductors, AI hardware, and trade policy. With Huang and Altman expected at the September dinner, the AI dimension of these negotiations will only intensify. OpenAI’s inclusion suggests that the conversation has expanded beyond hardware to encompass the software and model layers of AI development as well.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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