The company has become a major player in the automotive sector in recent years.
The latest sign of that was at a CES press conference Wednesday between Honda Motor Co. and its joint venture partner Sony Corporation, where the two companies will use Qualcomm Technologies’ Snapdragon digital chassis for their planned Afeela electric car. It showed up when I made it clear. Sales are scheduled to start in 2025.
Qualcomm has also strengthened its financial muscle against traditional players in the auto industry. Last year, the company won a bid from Canadian supplier giant Magna International Inc. to acquire Swedish technology supplier Veoneer’s Arriver software stack. It was a move that helped Qualcomm gain a bigger foothold in advanced driver assistance technology beyond its traditional automotive silicon and software business.
Growing interest in automobiles has brought significant financial benefits to the company. Qualcomm said in September that the company’s auto contracts will generate $30 billion in sales for him over the next few years, up from his $19 billion two months ago.
Since then, the number has climbed, said Dougal, who declined to provide a figure.