Chipmaker Qualcomm Says Future Auto Industry Expands to $30 Billion

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US chipmaker Qualcomm said Thursday (Sept. 22) that its automotive “pipeline” has risen to $30 billion, an increase of more than $10 billion since its third-quarter results were announced in late July.

The jump in future business was due to the Snapdragon Digital Chassis product used by automakers and their suppliers, Qualcomm said at its Automotive Investor Day. The Snapdragon Digital Chassis can provide assisted and autonomous driving technology, as well as in-car infotainment and cloud connectivity.

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As electric vehicles and autonomous functions in cars increase, the number of chips used by car manufacturers is increasing and the car market is an important growth area for chip makers.

Earlier this week, chipmaker Nvidia Corp also unveiled a new central car computer called DRIVE Thor to provide autonomous and assisted driving, as well as in-car digital entertainment and services.

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