What is the company's operating income for the 2021-Q1 period
s.
Cristiano Amon -- President
Look, if I can add one thing just real quick. Also, maybe it's the beginning of this process. But QCT is showing also other growth drivers, like the automotive growth driver, the IoT growth drivers. So over time, as the business gets more diversified, I think you're going to have probably less correlation between the two.
Timothy Arcuri -- UBS -- Analyst
Thanks. Thanks for that. And I guess my last question is on millimeter-wave. So I guess, the first 100 megahertz of C-band is going to clear at the end of this year.
And it seems like the big U.S. carrier that was kind of driving that is going to maybe shift some of their capex over to build out C-band the next two years. I know some of the other U.S. carriers are talking about building out a millimeter-wave in 2023 and beyond.
Can you just talk about the pace of adoption for millimeter-wave? Obviously, you have a lot of leverage there. Do you think it's going to be lumpy? Or do you just see it growing from here? Thanks.
Cristiano Amon -- President
Hi. This is Cristiano. Look, we are very pleased with what we're seeing millimeter-wave. As we restate what we said, I think you need millimeter-wave for the full potential of 5G, and especially as you look at some of the more advanced applications beyond smartphones.
Millimeter-wave continue to be a requirement for the premium devices in the United States. We're very pleased to see that one of our large customers had brought millimeter-wave across all price points of their devices. In this quarter, we saw Germany with the auction rules starting for millimeter-wave at 26 gigahertz. And we continue to see activity indicating that China, it's likely to have millimeter-wave for 2022.
So we're happy what we see. It's progressing as we plan. And as you said it correctly, millimeter-wave is probably an accelerator of our 1.5 multiplier in QCT.
Operator
Thank you. That concludes today's question-and-answer session. Mr. Mollenkopf, do you have anything further to add before adjourning the call?
Steven Mollenkopf -- Chief Executive Officer
Yes. Thank you. First of all, I want to thank folks who gave the kind words on the call. I know Cristiano feels the same way.
This is actually, if I count correctly, my 50th earnings call. So I appreciate the hard work from the Qualcomm team making it a record. I look forward to seeing where the company goes. It's exceedingly well-positioned.
And thank you all for joining us today. Thank you.
Operator
[Operator signoff]
Duration: 59 minutes
Call participants:
Mauricio Lopez-Hodoyan -- Vice President, Investor Relations
Steven Mollenkopf -- Chief Executive Officer
Akash Palkhiwala -- Executive Vice President and Chief Financial Officer
Samik Chatterjee -- J.P. Morgan -- Analyst
Mike Walkley -- Canaccord Genuity -- Analyst
Chris Caso -- Raymond James -- Analyst
Cristiano Amon -- President
Joe Moore -- Morgan Stanley -- Analyst
Stacy Rasgon -- Bernstein Research -- Analyst
Blayne Curtis -- Barclays -- Analyst
Tal Liani -- Bank of America Merrill Lynch -- Analyst
Ross Seymore -- Deutsche Bank -- Analyst
Matt Ramsay -- Cowen and Company -- Analyst
Mitch Steves -- RBC Capital Markets -- Analyst
Brett Simpson -- Arete Research -- Analyst
Alex Rogers -- Executive Vice President and President
C.J. Muse -- Evercore ISI -- Analyst
Timothy Arcuri -- UBS -- Analyst
More QCOM analysis
All earnings call transcripts
s.
Cristiano Amon -- President
Look, if I can add one thing just real quick. Also, maybe it's the beginning of this process. But QCT is showing also other growth drivers, like the automotive growth driver, the IoT growth drivers. So over time, as the business gets more diversified, I think you're going to have probably less correlation between the two.
Timothy Arcuri -- UBS -- Analyst
Thanks. Thanks for that. And I guess my last question is on millimeter-wave. So I guess, the first 100 megahertz of C-band is going to clear at the end of this year.
And it seems like the big U.S. carrier that was kind of driving that is going to maybe shift some of their capex over to build out C-band the next two years. I know some of the other U.S. carriers are talking about building out a millimeter-wave in 2023 and beyond.
Can you just talk about the pace of adoption for millimeter-wave? Obviously, you have a lot of leverage there. Do you think it's going to be lumpy? Or do you just see it growing from here? Thanks.
Cristiano Amon -- President
Hi. This is Cristiano. Look, we are very pleased with what we're seeing millimeter-wave. As we restate what we said, I think you need millimeter-wave for the full potential of 5G, and especially as you look at some of the more advanced applications beyond smartphones.
Millimeter-wave continue to be a requirement for the premium devices in the United States. We're very pleased to see that one of our large customers had brought millimeter-wave across all price points of their devices. In this quarter, we saw Germany with the auction rules starting for millimeter-wave at 26 gigahertz. And we continue to see activity indicating that China, it's likely to have millimeter-wave for 2022.
So we're happy what we see. It's progressing as we plan. And as you said it correctly, millimeter-wave is probably an accelerator of our 1.5 multiplier in QCT.
Operator
Thank you. That concludes today's question-and-answer session. Mr. Mollenkopf, do you have anything further to add before adjourning the call?
Steven Mollenkopf -- Chief Executive Officer
 Yes. Thank you. First of all, I want to thank folks who gave the kind words on the call. I know Cristiano feels the same way.
This is actually, if I count correctly, my 50th earnings call. So I appreciate the hard work from the Qualcomm team making it a record. I look forward to seeing where the company goes. It's exceedingly well-positioned.
And thank you all for joining us today. Thank you.
Operator
[Operator signoff]
Duration: 59 minutes
Call participants:
Mauricio Lopez-Hodoyan -- Vice President, Investor Relations
Steven Mollenkopf -- Chief Executive Officer
Akash Palkhiwala -- Executive Vice President and Chief Financial Officer
Samik Chatterjee -- J.P. Morgan -- Analyst
Mike Walkley -- Canaccord Genuity -- Analyst
Chris Caso -- Raymond James -- Analyst
Cristiano Amon -- President
Joe Moore -- Morgan Stanley -- Analyst
Stacy Rasgon -- Bernstein Research -- Analyst
Blayne Curtis -- Barclays -- Analyst
Tal Liani -- Bank of America Merrill Lynch -- Analyst
Ross Seymore -- Deutsche Bank -- Analyst
Matt Ramsay -- Cowen and Company -- Analyst
Mitch Steves -- RBC Capital Markets -- Analyst
Brett Simpson -- Arete Research -- Analyst
Alex Rogers -- Executive Vice President and President
C.J. Muse -- Evercore ISI -- Analyst
Timothy Arcuri -- UBS -- Analyst
More QCOM analysis
All earnings call transcripts