Qualcomm Expands Auto Chip Business to $30 Billion

On September 22, local time, US chip designer Qualcomm said that its "channels" of automobile business increased to $ 30 billion, which has increased by more than $ 10 billion since the third quarter of its performance was announced at the end of July.

Qualcomm said on its auto investor day that the growth of future business has benefited from Snapdragon digital chassis products used by automobile manufacturers and suppliers. Snapdragon digital chassis can provide assistance and autonomous driving technology, as well as car information entertainment and cloud connections.

With the increase of electric vehicles and automobile autonomous driving functions, the number of chips used by automobile manufacturers has increased, and the automotive market has always been a key area for chip manufacturers.

Qualcomm's chief financial officer Akash Palkhiwala said: "When you consider each car, a lower -level car, we have the opportunity to extend from about $ 200 to $ 3,000 in high -end cars."

"Looking forward to the future, the combination will continue to move towards high -end, so the opportunity will continue to expand."

Qualcomm said that the size of the car market may increase to $ 100 billion by 2030.

In 2022, it estimates that its car business revenue will increase from $ 975 million in the previous year to about 1.3 billion US dollars. It is estimated that by 2026, this number will exceed $ 4 billion and will exceed 9 billion US dollars by fiscal 2031.

Qualcomm also announced that it has expanded its partnership with Mercedes -Benz Group, which will use Snapdragon Cockpit to its vehicle information entertainment system from 2023.

Qualcomm also has a lot of car customers in China. When asked about the influence of a wider range of US export regulations, CEO Cristiano Amon said that "the strong double -win partnership between American companies and Chinese companies will always be a stable force."

"But we will see what will happen in the future," he said.

Earlier this week, chip manufacturer Nvidia launched a new type of car central computer called Drive Thor to provide autonomous driving and auxiliary driving and car digital entertainment and services.