A Trio of CEOs Join from CES: AMD’s Lisa Su, CrowdStrike’s George Kurtz & Qualcomm’s Cristiano Amon 01/05/23

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.5 • 66 Ratings

🗓️ 5 January 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today with CNBC’s Steve Liesman discussing tech layoffs and cost cuts to start 2023. Then, our Julia Boorstin kicks off the show’s coverage from the Consumer Electronics Show in Las Vegas discussing on recession concerns at the conference, and AMD CEO Dr. Lisa Su joins with her outlook for the chip space. Next, CNBC’s Kristina Partsinevelos breaks down reports that Dell could be trying to phase out all semiconductors made in China by next year, and we take a deep dive into the broader cybersecurity landscape with CrowdStrike CEO George Kurtz and CISA Director Jen Easterly. Later, Qualcomm CEO Cristiano Amon shares his thoughts on innovation in chips. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Carl Quintanilla. You're listening to see NBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:08.7	Good Thursday morning. Welcome to Tech Check. I'm Carl Quintanilla with your
0:11.5	drubosa and John Fort.
0:13.0	This is our two giant warnings from two giant tech companies.
0:17.0	What Amazon and Microsoft are saying about the state of the tech sector today.
0:21.0	Plus, the CEOs of AMD, Qualcomm, and CrowdStrike
0:26.4	live from CES with new announcements and outlook updates.
0:30.4	Later, some fresh data shows consumer spending is as strong as ever with online
0:34.7	holiday sales hitting a new record. We'll dive into that, D.
0:38.1	Good morning Carl. We're going to start with fresh commentary from Microsoft CEO Satya Nadella warning that a recovery for
0:45.0	recovery for tech is still two years away.
0:47.8	Nadella also noting that extreme growth seen in the
0:51.4	pandemic is ripe for a correction in spending, payroll, investment, and efficiency.
0:57.0	I think overall, quite frankly, whether it's for us is Microsoft or the tech sector, it's going to be very important to look inside and say, are we as efficient as we need to be to be competitive?
1:11.6	I mean, at the end of the day just because we
1:14.2	are a technology company doesn't mean that we are the most efficient at what we do.
1:20.2	Big Tech's big warning also taken further by Amazon, CEO Andy Jossi confirming that the company
1:26.0	will lay off more than 18,000 workers.
1:28.7	That's nearly twice what was initially announced and then there is productivity.
1:32.8	ADP's chief economist noting at a recent C. M. B.C. Workforce Executive Council, town hall,
1:38.0	that 2022 was the first year with three consecutive quarters of productivity drops since
1:43.8	1983 still tech jobs they continue to pay nearly double the national
	...

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