(Reuters) – Qualcomm anticipates $8 billion in auto chip earnings and $4 billion in pc chip gross sales by monetary 2029, it claimed at a financier event saved in New York on Tuesday.
San Diego, California- primarily based Qualcomm is the globe’s main supplier of cellphone chips that hyperlink mobiles to cellular info networks. It earns cash off each the chips themselves and moreover licensing expenses for its profile of Fifth Generation and varied different cordless improvements.
The enterprise has really been functioning to develop its choices, profitable handle corporations consisting of General Motors to supply chips for the management panels and driver-assistance methods in lorries, and dealing collectively very intently with Microsoft and pc producers to finish versus Intel and Advanced Micro Devices within the laptop computer pc market.
(Reporting by Stephen Nellis in San Francisco; Additional protection by Zaheer Kachwala in Bengaluru and Max Cherney in San Francisco; Editing by Sayantani Ghosh)
