Qualcomm's Latest Auto Chip Likely To Aid Transition In Most Cost-Effective Manner

Qualcomm Technologies, Inc QCOM launched the Snapdragon Ride Flex SoC, allowing the digital cockpit, ADAS, and AD functions to co-exist on a single SoC.
SVP Nakul Duggal said, "We are making it easier and more cost-effective for automakers and Tier-1s to embrace the transition to an integrated, open, and scalable architecture across all vehicle tiers with our pre-integrated suite of hardware, software, and ADAS/AD stack solutions..."
"Obviously, you are reducing the number of physical boxes. So it goes down to a single box. You reduce the amount of memory that you need. The extra external components that you need, those go down," Duggal told Reuters.
Qualcomm Technologies' integrated automotive platforms, including Snapdragon Cockpit Platforms, Snapdragon Auto Connectivity Platforms, and Snapdragon Ride Platforms, continue to drive leadership and growth with an order pipeline of over $30 billion.
With electric vehicles and increasing autonomous features in cars, the number of chips used by automakers is surging, and the automotive market has been a critical growth area for chipmakers.
Duggal said automotive customers are already trying out the new chip, which would be commercially available in the first half of next year.
Qualcomm has been steadily building up its automotive business in recent years, and in September, it said its automotive business "pipeline" increased to $30 billion.
Price Action: QCOM shares traded higher by 3.43% at $110.88 on the last check Wednesday.