Qualcomm’s Automotive Design-Win Pipeline Expands to $30 Billion
– More than twice as much pipeline since November 2021 –
– Snapdragon digital chassis enables the car of the future –
NEW YORK, September 22, 2022 /PRNewswire/ — Qualcomm Incorporated (NASDAQ: QCOM) announced at its inaugural Automotive Investor Day that the company’s pipeline of winning automotive designs has grown to $30 billion1thanks to the increased adoption of its Snapdragon® Digital Chassis™ solutions in the automotive industry. The increase represents more than $10 billion expansion since the announcement of the Company’s third fiscal quarter results. Specifically, the expanded pipeline is the result of significant design wins with automakers and Tier 1 suppliers as Qualcomm Technologies, Inc. becomes the automotive industry leader. partner of choice for new generation vehicles.
“Qualcomm is a leader in essential technologies for the smart connected edge,” said Cristiano Amon, chairman and CEO of Qualcomm Incorporated. “Our unique technology roadmap spans virtually every industry, including automotive. The Snapdragon digital chassis, combined with our relationships with automakers, has resulted in a $30 billion design-winning pipeline. We are winning the digital future of the automobile.”
On Automotive Investor Day, Qualcomm provided several key updates:
- Estimated Automotive TAM expansion to $100 billion by 2030
- Automotive Design Winner’s Pipeline $30 billion
- Strong QCT Automotive revenue growth $975 million in FY21 at ~$1.3 billion in FY22e
- Increase in QCT Automotive’s revenue growth forecast since November 2021 over $4 billion in FY26e and above $9 billion in FY31e
- Launched the industry’s first embedded automotive supercomputing class system-on-chip, the Snapdragon Ride™ Flex SoC
Qualcomm Technologies and Mercedes-Benz too announced a collaboration to equip future Mercedes vehicles with Snapdragon Digital Chassis solutions.
Qualcomm is an automotive leader and its Snapdragon Digital Chassis is the only open, scalable, and scalable platform for next-generation vehicles.
A replay of the event, presentations and other material from Qualcomm’s Automotive Investor Day can be found on our website.
Qualcomm is the global leader in wireless technology innovation and the engine behind the development, launch and expansion of 5G. When we connected the phone to the Internet, the mobile revolution was born. Today, our core technologies enable the mobile ecosystem and are found in all 3G, 4G and 5G smartphones. We’re bringing the benefits of mobile to new industries, including automotive, the Internet of Things and computing, and paving 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, together with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including our of QCT semiconductors. For more information, visit www.qualcomm.com.
Note Regarding Forward-Looking Statements
In addition to historical information, this press release contains forward-looking statements that are inherently subject to risks and uncertainties, including, but not limited to, statements regarding: our automotive design pipeline; expanding our addressable market; our automotive revenue forecasts; the digital future of the automobile; our technologies, technology leadership and technology roadmap; the benefits of our products and technologies, including the Snapdragon Digital Frame; and anticipated demand for our products and technologies. Forward-looking statements are often identified by words such as “estimate”, “guidance”, “expect”, “expect”, “anticipate”, “intend”, “plan”, “believe”, “search” 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 in particular on their sale of high-end devices; our customers are integrating vertically; a significant part of our activities being concentrated in Chinawhich is exacerbated by US/China trade and national security tensions; our ability to expand our technologies and products into new and expanded product areas, as well as industries and applications beyond mobile handsets; our strategic acquisitions, transactions and investments, and our ability to make strategic acquisitions; our reliance on a limited number of third-party vendors; risks associated with the operation and control of our manufacturing facilities; breaches of the security of our computer 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 operate successfully in a hybrid work environment; the continued and future success of our licensing programs, which requires us to continue to evolve our patent portfolio and renew or renegotiate licensing agreements that expire; efforts by certain OEMs to avoid paying fair and reasonable royalties for use of our intellectual property, and other attacks on our licensing business model; potential changes to our patent licensing practices, whether due to government investigations, legal challenges or otherwise; adverse rulings in government investigations or proceedings; sales by our customers and licensees of products and services based on CDMA, OFDMA and other communications technologies, including 5G, and demand by our customers for our products based on these technologies; competing in an environment of rapid technological change, and our ability to adapt to such change and compete effectively; failures of our products or the products of our customers or licensees, including those resulting from security breaches, defects or errors; difficulties in enforcing and protecting our intellectual property rights; third-party claims that we infringe their intellectual property; our use of open source software; the cyclical nature of the semiconductor industry, declining global, regional or local economic conditions, or volatility in our stock price and earnings; our ability to comply with laws, regulations, policies and standards; our debt; 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 regarding 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 affiliates.
Pete LanciaBusiness communication
Mauricio Lopez-Hodoyan, Investor Relations
1.) From September 22, 2022. The design pipeline reflects the current estimated future size of the award-winning automakers’ programs, based on forecasts provided directly by automakers and Tier 1 suppliers.
SOURCE Qualcomm Incorporated