Qualcomm Says It Held ‘Graduation Day' For Its Automotive Business And I Agree

  • 📰 Forbes
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

#1-Ranked Industry Analyst Patrick Moorhead dives in as last week, Qualcomm held its Automotive Investor Day in New York City, and he was fortunate enough to attend.

This strategy allowed Qualcomm to jump into the Automotive business with connectivity, computing, and software technologies, meet digital automotive trends and increase its automotive capabilities and footprint all within the past five years. When I hear Amon mention the car's transformation into a service model, I know that it is a scale-up of existing Qualcomm technologies that conform to automotive trends.

It has allowed Qualcomm to accelerate its automotive business and have strong revenue growth of $1.3 billion in FY22 from $974 million in FY21. The one technology across multiple markets is attractive to automotive companies because of the potential it brings within their own platform. This potential is especially true when considering the digital trend of moving toward a car as a service model.

A testimony to how well this strategy and roadmap is working for Qualcomm is that it reported a design win pipeline of $19 billion in its last earnings call. As of Qualcomm's Automotive investor day, it is now $30 billion. This additional $11 billion automotive design-win pipeline shows how uniquely positioned the digital chassis.

Qualcomm has also been expanding its Digital Chassis, expanding its advanced driver assistance and autonomous driver chipset roadmap to address L1 and L5. It also completed its acquisition of Arriver and acquired ADAS/AD software stack team. These milestones are huge for Qualcomm. Not only do they make Qualcomm's digital chassis and complete stack, they also expand the automotive safety requirements that go into the Digital Chassis.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines