SAN FRANCISCO — Qualcomm will provide chips to energy in-car infotainment methods in Mercedes-Benz and BMW cars.
The chipmaker will provide BMW with chips that may assistance energy tone instructions throughout the vehicle, the corporate stated in a observation on Tuesday.
It additionally stated it’ll provide chips for the later model of the Mercedes E-Magnificence fashions, which will probably be to be had within the U.S. in 2024.
Qualcomm is the important provider of the chips old in smartphones, a marketplace that has slumped over the future time.
However the corporate may be operating with automakers to energy numerous purposes in cars, from infotainment methods to complicated driving force aid methods, and its car income grew 13 % in its most up-to-date quarter in spite of its smartphone outlook falling cut of analyst estimates.
The corporate expects to have $4 billion in income from the car sector by way of 2026, emerging to $9 billion by way of the top of the last decade, CEO Cristiano Amon stated in an interview at the sidelines of the Munich auto display.
The U.S. chip clothier had introduced in overdue 2022 its “pipeline” within the car trade was once $30 billion, because of its Snapdragon Virtual Chassis product old by way of vehicle makers and their providers for assisted and self sustaining riding era, in addition to in-car infotainment and cloud connectivity.
“One of the things we are very focused on the company is to find new areas for growth… automotive is one of those areas,” Amon stated.
Requested in regards to the later IPO of Britain-based Arm Holdings, the chip clothier owned by way of SoftBank Crew, Amon stated: “We are not necessarily participating in the IPO, but we believe that Arm plays an important role in the ecosystem. We want to see an independent Arm.”
