Qualcomm slips even as CEO Amon says automotive design-win pipeline now at $30B
Justin Sullivan


Qualcomm (NASDAQ:QCOM) shares slipped on Thursday even as the company's Chief Executive, Cristiano Amon, said its design-win pipeline has climbed to $30B, up from the $19B the semiconductor giant had earlier reported.
Amon made the announcement at Qualcomm's (QCOM) automotive investor day, noting that its Snapdragon digital chassis and other products in the space are helping the company win market share.

In addition, Nakul Duggal, Qualcomm's (QCOM) company's automotive senior vice president and general manager, said Qualcomm (QCOM) is seeing a total addressable market of about $100B in the automotive space by 2030.
Duggal also said that starting in 2023, Qualcomm (QCOM) would power Mercedes-Benz cars' cockpits.
Earlier this month, Meta Platforms (META) and Qualcomm (QCOM) entered into a deal to develop custom virtual reality chips.