– Greater than 2X Increase in Pipeline Since
November 2021 –
– Snapdragon Digital Chassis Enables the Car
of the Future –
NEW
YORK, Sept. 22, 2022 /PRNewswire/ -- Qualcomm
Incorporated (NASDAQ: QCOM) announced at its inaugural Automotive
Investor Day that the Company's automotive design-win pipeline has
grown to $30 billion1,
driven by increased adoption of its Snapdragon® Digital
Chassis™ solutions across the auto industry. The increase
represents a greater than $10 billion
expansion since the Company's fiscal third quarter results were
announced. Specifically, the expanded pipeline is a result of
significant design wins with automakers and Tier-1 suppliers as
Qualcomm Technologies, Inc. becomes the automotive industry's
partner of choice for next-generation vehicles.
"Qualcomm is a leader in essential technologies for the
Connected Intelligent Edge," said Cristiano
Amon, President and CEO of Qualcomm Incorporated. "Our One
Technology Roadmap scales across virtually every industry,
including automotive. The Snapdragon Digital Chassis, combined with
our relationships with automakers, has resulted in a $30 billion design-win pipeline. We are winning
the digital future of automotive."
At Automotive Investor Day, Qualcomm provided several key
updates:
- Estimated Automotive TAM expansion to $100 billion by 2030
- Automotive design-win pipeline of $30
billion
- Strong QCT Automotive revenue growth from $975 million in FY21 to ~$1.3 billion in FY22e
- Increased QCT Automotive revenue growth forecast since
November 2021 to greater than
$4 billion in FY26e and greater than
$9 billion in FY31e
- Introduced the industry's first integrated automotive
super-compute class System-on-Chip, the Snapdragon Ride™ Flex
SoC
Qualcomm Technologies and Mercedes-Benz also announced a
collaboration to power upcoming Mercedes vehicles with Snapdragon
Digital Chassis solutions.
Qualcomm is a leader in the automotive space and its Snapdragon
Digital Chassis is the only open, scalable and upgradeable platform
for next-generation vehicles.
A replay of the event, presentations and other assets from the
Qualcomm Automotive Investor Day can be found on our website.
About Qualcomm
Qualcomm is the world's leading wireless technology innovator
and the driving force behind the development, launch, and expansion
of 5G. When we connected the phone to the internet, the mobile
revolution was born. Today, our foundational technologies enable
the mobile ecosystem and are found in every 3G, 4G and 5G
smartphone. We bring the benefits of mobile to new industries,
including automotive, the internet of things, and computing, and
are leading the way to a world where everything and everyone can
communicate and interact seamlessly.
Qualcomm Incorporated includes our licensing business, QTL, and
the vast majority of our patent portfolio. Qualcomm Technologies,
Inc., a subsidiary of Qualcomm Incorporated, operates, along with
its subsidiaries, substantially all of our engineering and research
and development functions and substantially all of our products and
services businesses, including our QCT semiconductor business. For
more information, visit www.qualcomm.com.
Note Regarding Forward-Looking Statements
In addition to historical information, this news release
contains forward-looking statements that are inherently subject to
risks and uncertainties, including but not limited to statements
regarding: our automotive design-win pipeline; the expansion of our
addressable market; our automotive revenue forecast; the digital
future of automotive; our technologies, technology leadership and
technology roadmap; the benefits of our products and technologies,
including the Snapdragon Digital Chassis; and anticipated demand
for our products and technologies. Forward-looking statements are
often identified by words such as "estimates," "guidance,"
"forecast," "expects," "anticipates," "intends," "plans,"
"believes," "seeks" and similar expressions. Actual results may
differ materially from those referred to in the forward-looking
statements due to a number of important factors, including but not
limited to: the impact of the COVID-19 pandemic, and government
policies and other measures designed to limit its spread; our
dependence on a small number of customers and licensees, and
particularly from their sale of premium-tier devices; our customers
vertically integrating; a significant portion of our business being
concentrated in China, which is
exacerbated by U.S./China trade
and national security tensions; our ability to extend our
technologies and products into new and expanded product areas, and
industries and applications beyond mobile handsets; our strategic
acquisitions, transactions and investments, and our ability to
consummate strategic acquisitions; our dependence on a limited
number of third-party suppliers; risks associated with the
operation and control of our manufacturing facilities; security
breaches of our information technology systems, or other
misappropriation of our technology, intellectual property or other
proprietary or confidential information; our ability to attract and
retain qualified employees, and to successfully operate under a
hybrid working environment; the continued and future success of our
licensing programs, which requires us to continue to evolve our
patent portfolio and to renew or renegotiate license agreements
that are expiring; efforts by some OEMs to avoid paying fair and
reasonable royalties for the use of our intellectual property, and
other attacks on our licensing business model; potential changes in
our patent licensing practices, whether due to governmental
investigations, legal challenges or otherwise; adverse rulings in
governmental investigations or proceedings; our customers' and
licensees' sales of products and services based on CDMA, OFDMA and
other communications technologies, including 5G, and our customers'
demand for our products based on these technologies; competition in
an environment of rapid technological change, and our ability to
adapt to such change and compete effectively; failures in our
products or in the products of our customers or licensees,
including those resulting from security vulnerabilities, defects or
errors; difficulties in enforcing and protecting our intellectual
property rights; claims by third parties that we infringe their
intellectual property; our use of open source software; the
cyclical nature of the semiconductor industry, declines in global,
regional or local economic conditions, or our stock price and
earnings volatility; our ability to comply with laws, regulations,
policies and standards; our indebtedness; and potential tax
liabilities. These and other risks are set forth in our Quarterly
Report on Form 10-Q for the fiscal quarter ended June 26, 2022 filed with the Securities and
Exchange Commission (SEC). Our reports filed with the SEC are
available on our website at www.qualcomm.com. We undertake no
obligation to update, or continue to provide information with
respect to, any forward-looking statement or risk factor, whether
as a result of new information, future events or otherwise.
Snapdragon, Snapdragon Digital Chassis and Snapdragon Ride
Flex are trademarks or registered
trademarks of Qualcomm Incorporated.
Snapdragon, Snapdragon Digital Chassis and Snapdragon Ride
Flex are products of Qualcomm Technologies, Inc. and/or its
subsidiaries.
Qualcomm Contacts:
Pete Lancia, Corporate
Communications
1-858-845-5959
corpcomm@qualcomm.com
Mauricio Lopez-Hodoyan, Investor Relations
1-858-658-4813
ir@qualcomm.com
1.) As of September 22, 2022. The
design win pipeline reflects the current estimated future size of
awarded automaker programs, based on forecasts provided directly by
automakers and Tier-1 suppliers.
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SOURCE Qualcomm Incorporated