Qualcomm Inc QCOM unveiled partnerships with top manufacturers to spur development of the next generation of connected vehicles at its Automotive Investor Day on Thursday.
With the Snapdragon Digital Chassis, a collection of integrated technologies that enable connected vehicles, Qualcomm said it revolutionizes the driving experience.
The transformation of the auto industry towards intelligent, more connected automobiles is driven by the Snapdragon Digital Chassis, which offers a multitude of different features.
Here are the major updates Qualcomm released on Thursday.
The company reports that increasing adoption of its Snapdragon Digital Chassis solutions across the automotive industry has seen its design-win pipeline soar to $30 billion.
The $10 billion increase represents an expansion after the third-quarter results were released. In particular, the expanded pipeline is the result of significant design wins with automakers and Tier 1 suppliers as Qualcomm has become the preferred partner for next-generation vehicles in the automotive industry.
- Estimated to expand Automotive TAM to $100 billion by 2030
- $30 billion automotive design-win pipeline
- Strong QCT Automotive revenue growth from $975 million in fiscal 2021 to $1.3 billion in fiscal 2022.
- Raising QCT Automotive’s revenue growth guidance since November 2021 to more than $4 billion in fiscal 2026 and more than $9 billion in fiscal 2031.
- Introducing the industry’s first automotive supercompute-class integrated system-on-chip, Snapdragon Ride Flex.
Qualcomm announced a partnership with Mercedes-Benz Group AG MBGAF Leverage Qualcomm’s Snapdragon Digital Chassis solutions to deliver the latest and most advanced features for upcoming Mercedes-Benz vehicles.
Future Mercedes-Benz vehicles will feature Snapdragon Automotive…
