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Qualcomm’s Automotive Design-Win Pipeline Expands to $30 Billion

Better than 2X Improve in Pipeline Since November 2021 –

Snapdragon Digital Chassis Allows the Automobile of the Future – 

NEW YORK, Sept. 22, 2022 /PRNewswire/ — Qualcomm Included (NASDAQ: QCOM) introduced at its inaugural Automotive Investor Day that the Firm’s automotive design-win pipeline has grown to $30 billion1, pushed by elevated adoption of its Snapdragon® Digital Chassis™ options throughout the auto business. The rise represents a higher than $10 billion growth for the reason that Firm’s fiscal third quarter outcomes have been introduced. Particularly, the expanded pipeline is a results of important design wins with automakers and Tier-1 suppliers as Qualcomm Applied sciences, Inc. turns into the automotive business’s companion of selection for next-generation autos.

“Qualcomm is a frontrunner in important applied sciences for the Linked Clever Edge,” stated Cristiano Amon, President and CEO of Qualcomm Included. “Our One Expertise Roadmap scales throughout nearly each business, together with automotive. The Snapdragon Digital Chassis, mixed with {our relationships} with automakers, has resulted in a $30 billion design-win pipeline. We’re profitable the digital way forward for automotive.”

At Automotive Investor Day, Qualcomm offered a number of key updates:

  • Estimated Automotive TAM growth to $100 billion by 2030
  • Automotive design-win pipeline of $30 billion
  • Robust QCT Automotive income development from $975 million in FY21 to ~$1.3 billion in FY22e
  • Elevated QCT Automotive income development forecast since November 2021 to higher than $4 billion in FY26e and higher than $9 billion in FY31e
  • Launched the business’s first built-in automotive super-compute class System-on-Chip, the Snapdragon Experience™ Flex SoC

Qualcomm Applied sciences and Mercedes-Benz additionally introduced a collaboration to energy upcoming Mercedes autos with Snapdragon Digital Chassis options.

Qualcomm is a frontrunner within the automotive house and its Snapdragon Digital Chassis is the one open, scalable and upgradeable platform for next-generation autos. 

A replay of the occasion, shows and different belongings from the Qualcomm Automotive Investor Day could be discovered on our web site.

About Qualcomm

Qualcomm is the world’s main wi-fi expertise innovator and the driving power behind the event, launch, and growth of 5G. After we related the telephone to the web, the cellular revolution was born. As we speak, our foundational applied sciences allow the cellular ecosystem and are present in each 3G, 4G and 5G smartphone. We deliver the advantages of cellular to new industries, together with automotive, the web of issues, and computing, and are main the best way to a world the place all the things and everybody can talk and work together seamlessly.

Qualcomm Included consists of our licensing enterprise, QTL, and the overwhelming majority of our patent portfolio. Qualcomm Applied sciences, Inc., a subsidiary of Qualcomm Included, operates, together with its subsidiaries, considerably all of our engineering and analysis and improvement capabilities and considerably all of our services companies, together with our QCT semiconductor enterprise. For extra data, go to www.qualcomm.com.

Be aware Relating to Ahead-Wanting Statements

Along with historic data, this information launch accommodates forward-looking statements which might be inherently topic to dangers and uncertainties, together with however not restricted to statements concerning: our automotive design-win pipeline; the growth of our addressable market; our automotive income forecast; the digital way forward for automotive; our applied sciences, expertise management and expertise roadmap; the advantages of our merchandise and applied sciences, together with the Snapdragon Digital Chassis; and anticipated demand for our merchandise and applied sciences. Ahead-looking statements are sometimes recognized by phrases similar to “estimates,” “steerage,” “forecast,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks” and related expressions. Precise outcomes might differ materially from these referred to within the forward-looking statements as a consequence of quite a few necessary elements, together with however not restricted to: the influence of the COVID-19 pandemic, and authorities insurance policies and different measures designed to restrict its unfold; our dependence on a small variety of prospects and licensees, and significantly from their sale of premium-tier gadgets; our prospects vertically integrating; a good portion of our enterprise being concentrated in China, which is exacerbated by U.S./China commerce and nationwide safety tensions; our capacity to increase our applied sciences and merchandise into new and expanded product areas, and industries and functions past cellular handsets; our strategic acquisitions, transactions and investments, and our capacity to consummate strategic acquisitions; our dependence on a restricted variety of third-party suppliers; dangers related to the operation and management of our manufacturing amenities; safety breaches of our data expertise programs, or different misappropriation of our expertise, mental property or different proprietary or confidential data; our capacity to draw and retain certified workers, and to efficiently function underneath a hybrid working setting; the continued and future success of our licensing applications, which requires us to proceed to evolve our patent portfolio and to resume or renegotiate license agreements which might be expiring; efforts by some OEMs to keep away from paying truthful and affordable royalties for the usage of our mental property, and different assaults on our licensing enterprise mannequin; potential modifications in our patent licensing practices, whether or not as a consequence of governmental investigations, authorized challenges or in any other case; hostile rulings in governmental investigations or proceedings; our prospects’ and licensees’ gross sales of services based mostly on CDMA, OFDMA and different communications applied sciences, together with 5G, and our prospects’ demand for our merchandise based mostly on these applied sciences; competitors in an setting of fast technological change, and our capacity to adapt to such change and compete successfully; failures in our merchandise or within the merchandise of our prospects or licensees, together with these ensuing from safety vulnerabilities, defects or errors; difficulties in imposing and defending our mental property rights; claims by third events that we infringe their mental property; our use of open supply software program; the cyclical nature of the semiconductor business, declines in international, regional or native financial circumstances, or our inventory value and earnings volatility; our capacity to adjust to legal guidelines, rules, insurance policies and requirements; our indebtedness; and potential tax liabilities. These and different dangers are set forth in our Quarterly Report on Type 10-Q for the fiscal quarter ended June 26, 2022 filed with the Securities and Trade Fee (SEC). Our stories filed with the SEC can be found on our web site at www.qualcomm.com. We undertake no obligation to replace, or proceed to supply data with respect to, any forward-looking assertion or danger issue, whether or not because of new data, future occasions or in any other case.

Snapdragon, Snapdragon Digital Chassis and Snapdragon Experience Flex are emblems or registered emblems of Qualcomm Included.

Snapdragon, Snapdragon Digital Chassis and Snapdragon Experience Flex are merchandise of Qualcomm Applied sciences, Inc. and/or its subsidiaries.

Qualcomm Contacts:
Pete Lancia, Company Communications
1-858-845-5959
[email protected]

Mauricio Lopez-Hodoyan, Investor Relations
1-858-658-4813
[email protected]

1.) As of September 22, 2022. The design win pipeline displays the present estimated future measurement of awarded automaker applications, based mostly on forecasts offered immediately by automakers and Tier-1 suppliers.

SOURCE Qualcomm Included

Qualcomm’s Automotive Design-Win Pipeline Expands to  Billion

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