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Update: Tech provider’s auto design pipeline reaches $30 billion

NY Qualcomm’s automotive design-win pipeline has surged to $30 billion, up from about $19 billion only 8 weeks ago, the business said Thursday.

The fast-growing figure reflects Qualcomm’s efforts to become prominent automotive presence, CEO Cristiano Amon said through the company’s first automotive investor day.

At the core of Qualcomm’s automotive business is its Snapdragon Digital Chassis, the business’s group of computing platforms for used in connectivity, digital cockpits, vehicle-to-cloud services and advanced driver-assistance systems.

Mercedes-Benz may be the latest automaker that Qualcomm will give. Mercedes plans to power its vehicles’ digital cockpits and telematics systems using Snapdragon by the finish of the entire year, Amon said, though he declined to state which nameplates will have the platform.

Qualcomm’s rapidly growing automotive business and the offer with Mercedes certainly are a reflection of how well-positioned the business would be to grow as vehicles are more high-tech and connected, Amon said.

“What we’ve done for most of our customers would be to provide confidence they have a platform where they will have the opportunity to innovate,” he said.

Mercedes joins automakers such as for example Stellantis, Hyundai, Renault, Volvo, BMW and Volkswagen Group in utilizing Qualcomm’s Snapdragon technology. Qualcomm has committed to its automotive offerings recently, expanding Snapdragon and acquiring tech supplier Veoneer’s Arriver software stack in April for approximately $4.5 billion.

Mercedes use the Snapdragon cockpit platform to improve in-vehicle virtual assistance. It will utilize Qualcomm’s automotive connectivity platform, enabling “ultra-fast connectivity” and “quick network response times” necessary for advanced safety systems, based on the tech giant.

Qualcomm CFO Akash Palkhiwala said the business was on the right track to provide $1.3 billion in automotive revenue through the current fiscal year, up from about $975 million per year earlier. It expects automotive revenue to jump to a lot more than $4 billion by the 2026 fiscal year and much more than $9 billion by 2031.

A few of that growth has been driven by companies embracing Qualcomm because of its Snapdragon Ride platform, that is for used in advanced driver-assistance and autonomous driving systems. As automakers roll out increasingly automated vehicles in the coming years, Qualcomm expects sales to go up.

“Once we look forward on the next 2 yrs, we expect several OEMs to create decisions on platform choices, and we think we’ve an excellent platform for them,” Palkhiwala said.

A lot of the surge in Qualcomm’s automotive business has been driven by automakers such as for example Mercedes seeking to use its Snapdragon platform within their advanced digital cockpits.

Automakers desire to utilize large screens to supply new services to customers, checking revenue streams for them, Amon said. Qualcomm’s technology enables that, he said.

“I believe there is a general understanding within all of the OEMs that digital services in the automobile will probably be the difference between your successful companies and the not-so successful companies later on,” Amon said. “For the very first time, car companies have a chance to have a primary relationship with the automobile owner instantly.”

Qualcomm can be looking at providing Snapdragon to automated last-mile delivery solution companies also to makers of e-bikes along with other two-wheeled vehicles, said Nakul Duggal, Qualcomm’s automotive chief.

“There is a boat load of opportunity for the reason that space because these platforms additionally require connectivity, intelligence and safety,” he said. “We’re designing the chassis to be miniaturized for different form factors.”

The Mercedes deal comes days after Nvidia showcased its latest high-performance computer designed for automotive purposes.

Qualcomm is seeking to differentiate itself from competitors such as for example Nvidia and Mobileye by giving “capabilities across domains” and “complete scalability” for customers, Amon said.

“Rather than providing a chip, we’re providing a complete module, with everything in a board which can be integrated,” he said. “That’s one method to accelerate the adoption of a few of these technologies.”

Qualcomm, Red Hat partnership

Separately, Qualcomm said it had been dealing with open-source provider Red Hat to create Linux-based os’s to next-generation vehicles that utilize the Snapdragon Digital Chassis.

The partnership can help automakers conduct “simpler and much more efficient vehicle” updates, speed the deployment of new digital services and bolster connectivity, Qualcomm said. Combining Snapdragon platforms with Red Hat’s operating-system is likely to allow automakers to “address higher degrees of cybersecurity requirements” and privacy certifications.

Qualcomm intends to provide versions of its Snapdragon platforms for the digital cockpit and driver-assistance systems integrated with Red Hat’s in-vehicle operating-system starting in the next 1 / 2 of 2023.

“Software-defined vehicles bring a thrilling opportunity for the complete automotive ecosystem to exceed the existing functions of the automobile,” said Bill Pinnell, Qualcomm vice president of automotive product management.

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