Qualcomm Incorporated announced at the opening of Automotive Investor Day that its portfolio of company car design projects has grown to $30.000 billion through automotive projects. This is due to the greater adoption of its Qualcomm Snapdragon Digital Chassis solutions in the automotive sector, for among other use cases, the monitoring and automation of car elements.
This increase represents an expansion of more than 10.000 million dollars since the company's fiscal third quarter results were announced. The expanded pipeline is the result of significant design victories with automakers and tier one suppliers, with Qualcomm Technologies, Inc. becoming the automotive industry's preferred partner for next-generation vehicles. generation.
Qualcomm grows in the automotive sector with solutions for the automotive industry
Qualcomm is a leader in essential technologies for smart connected technology. Our unique technology roadmap extends to virtually every industry, including automotive. The Snapdragon Digital Chassis, combined with our relationships with automakers, has resulted in a project portfolio valued at $30.000 billion. We are winning the digital future of the automotive industry.
Cristiano Amon, President and CEO of Qualcomm Incorporated
At Automotive Investor Day, Qualcomm provided several key updates on its work in the automotive industry:
- An estimated expansion of the automotive TAM up to 100.000 million dollars by 2030.
- $30.000 billion portfolio of award-winning automotive designs.
- Strong revenue growth for QCT Automotive, from $975 million in FY21 to approximately $1.300 billion in FY22e.
- Raising QCT Automotive's revenue growth forecast from November 2021 to over $4.000bn in FY26e, and over $9.000bn in FY31e
- The industry's first supercomputer-class integrated System-on-Chip has been introduced: the Snapdragon RideTM Flex SoC.
Qualcomm Technologies and Mercedes-Benz also jointly announced their collaboration to equip future Mercedes-brand vehicles with Snapdragon Digital Chassis solutions.
