| | | Qualcomm's smart automotive development leaves NVIDIA and Intel in the dust
Nuying Huang, Taipei; Heidi Tai, DIGITIMES Asia
Wednesday 4 September 2024
Among the major automotive chip and software giants - Qualcomm, NVIDIA, and Mobileye of Intel - the financial results for the second quarter of 2024 reveal a significant gap. Qualcomm's automotive business posted US$811 million, an 87% year-over-year...
From digitimes lead:
Qualcomm edges Nvidia, Mobileye in competition to infuse tech into next-generation vehicles
Qualcomm's auto-related revenue jumped 87% year over year in the second quarter, ahead of rivals such as Nvidia and Mobileye.
TERRY KOSDROSKY
September 01, 2024 06:00 AM updated 15 hours ago
Qualcomm brought its Snapdragon Ride Flex system, co-developed with Bosch, to CES this year. China is a key market for the new chip.
Giant chipmakers such as Qualcomm, Nvidia and Mobileye have become linchpins in the auto industry's efforts to transform vehicles into rolling supercomputers.
More from lead:
The automotive segment experienced a strong improvement in q3’24 with revenue growing 87% year-over-year driven by additional content across all digital platforms on the vehicle, including the digital cockpit and ADAS. As vehicles become more digitally connected, whether ICE or EV, content per vehicle is expected to scale across sensors, the infotainment system, and telematics. Even in a flat-to-down automotive market, management anticipates this segment to grow to $4b in revenue in 2026 given the growth in content/vehicle. Looking to the duration of eFY24, management anticipates automotive to remain relatively flat.
Automotive has the ability to become a heavy hitter for Qualcomm’s growth as vehicles become more advanced, comparable to mobile handheld devices over the years. Digital experiences in the vehicle are expected to include GenAI features for personalized in-car assistance, voice control, and adaptive interfaces. In addition to this, more vehicles are connected to the cloud with real-time data transmission, as seen in Ford ( F) Pro-enabled vehicles. Digital tracking features assist fleets with navigation, fuel & charging, preemptive maintenance, and roadside assistance. As of q3’24, Qualcomm added 10 new design wins to their pipeline.
Qualcomm's Growth Will Be Driven By AI-Embedded Devices (Rating Upgrade) (https_seekingalpha.com)
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