Total valuation of Qualcomm‘s automotive business orders increased to $30 billion
Time:2022-10-05
Views:1660
Total order valuation has more than doubled since November 2021
Xiaolong Digital Chassis Enables Future Cars
Qualcomm (NASDAQ: QCOM) announced at its first auto investor conference that it benefits from Snapdragon ® Digital chassis ™ The solution is widely used in the automotive industry, and the total valuation of its automotive business orders has grown to $30 billion1. This represents that since QUALCOMM announced its financial report for the third quarter of fiscal year 2022, the total valuation of its auto business orders has increased by more than $10 billion. Qualcomm Technologies is becoming the preferred partner in the automotive industry to build the next generation of automobiles. The growing total order valuation is the result of important cooperation between Qualcomm Technologies and automobile manufacturers and primary suppliers.
Ammon, president and CEO of Qualcomm, said, "Qualcomm is a leading provider of key technologies needed to provide the edge of intelligent networking. The company‘s‘ unified technology roadmap ‘covers almost all industries, including automobiles. Snapdragon Digital Chassis and our good partnership with automobile manufacturers have jointly promoted the realization of a total valuation of $30 billion in automobile business orders. Qualcomm is embracing the digital future of the automobile industry."
At the auto investor conference, Qualcomm announced several important developments:
• By 2030, the potential market size of the company‘s automobile business is expected to grow to 100 billion dollars
• The total valuation of the company‘s auto business orders reached $30 billion
• QCT auto business has a strong revenue growth momentum, growing from $975 million in fiscal year 2021 to $1.3 billion in fiscal year 2022 (expected revenue)
• Raise the QCT auto business revenue growth forecast released in November 2021 - the revenue in fiscal year 2026 will exceed $4 billion (expected revenue), and the revenue in fiscal year 2031 will exceed $9 billion (expected revenue)
• Snapdragon Ride, the first integrated super computing car SoC in the industry ™ Flex SoC
Qualcomm Technologies and Mercedes Benz also announced that the upcoming Mercedes models will be equipped with Snapdragon digital chassis solutions.
Qualcomm has a leading edge in the automotive industry. The Snapdragon digital chassis launched by Qualcomm is an open, scalable and scalable platform unique to the industry for the next generation of vehicles.
For the event replay, presentation documents and other relevant materials of Qualcomm Automotive Investor Conference, please visit the event page.
1. As of September 22, 2022. The total valuation of business orders reflects the estimated future revenue of the automobile manufacturers‘ projects that have been obtained, based on the forecast directly provided by the automobile manufacturers and primary suppliers.
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