Manifest Space: Iridium & Qualcomm Partnership Dissolution with Iridium CEO Matt Desch 11/10/23
Closing Bell
CNBC
4.4 • 141 Ratings
🗓️ 11 November 2023
⏱️ 11 minutes
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| 0:00.0 | Last January, Chipmaker Qualcomm struck a partnership with Aridium Communications to provide satellite to phone services. |
| 0:08.0 | The plan offer a satellite SOS feature for Android phones that would rival the one provided by Apple with Globalstar |
| 0:15.2 | on the latest iPhone models. |
| 0:17.7 | It's something I discussed just recently with Iridium CEO Matt Desh on this very podcast. |
| 0:23.3 | We're not really involved in that. |
| 0:24.8 | That's really all common there. |
| 0:26.9 | They're OEM. |
| 0:27.7 | So still, you know, the technology works very well and tested it's ready to go and |
| 0:36.0 | someday I expect will will be deployed except it won't at least not as this |
| 0:41.8 | specific technology within the specific partnership. |
| 0:45.1 | On Thursday, Qualcomm scrapped its Snap Dragon Satellite plan, saying in a statement, |
| 0:49.3 | smartphone makers have, quote, indicated a preference towards standards-based solutions for |
| 0:55.1 | satellite to phone connectivity. In an exclusive interview today |
| 0:59.1 | Iridium's Dash rejoined me to share his insights and reiterate that this won't change financial guidance for the company. |
| 1:06.0 | Smartphone providers, well at least Android ones, didn't want to really pay much extra for a satellite access and didn't want to be locked into a single chip provider or a single satellite provider for that matter. |
| 1:22.0 | But you know that's understandable but it really |
| 1:25.8 | means that the market for saving lives and providing access to remote you know off |
| 1:32.4 | the grid is really being left open kind of to Apple |
| 1:36.8 | primarily today. On this episode we discuss next steps for Iridium and why the |
| 1:42.4 | nascent market for satellite-connected |
| 1:44.4 | smartphones is still so promising. I'm working Brennan and this is |
| 1:49.2 | manifest space. base. |
... |
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