Qualcomm Inc, a chip designer based in the United States, said on Thursday that its automotive business “pipeline” had grown to $30 billion, an increase of more than $10 billion since the company’s third-quarter results were disclosed in late July.
Qualcomm claimed at its Automotive Investor Day that the increase in future business was due to its Snapdragon Digital Chassis product, which is utilised by vehicle manufacturers and their suppliers. The Snapdragon Digital Chassis is capable of assisting and autonomous driving, as well as in-car entertainment and online connection.
The number of chips used by automakers is rising due to electric vehicles and expanding autonomous capabilities in automobiles, and the automotive business has been a crucial development area for chipmakers.
