Qualcomm announced at its Investor Day event that it will strengthen its presence in the edge computing application market, and also stated that market demand for integrating artificial intelligence technology on the device side will drive greater development opportunities.
“Qualcomm is committed to a diverse and industry-leading technology roadmap that significantly strengthens our growth prospects,” said Cristiano Amon, president and CEO of Qualcomm. “As generative AI accelerates demand for Qualcomm technology, our relevance across multiple industries continues to grow. Qualcomm is uniquely positioned to address a $2030 billion market opportunity by 9000 with an expanding ecosystem of new customers and partners.”
Qualcomm also announced new growth targets, emphasizing the development opportunities driven by the integration of artificial intelligence into devices. Its financial growth targets for the next five years are as follows:
• Automotive and IoT businesses are expected to generate combined revenue of $2029 billion in fiscal 220
• Automotive revenue to reach $2029 billion by fiscal 80
• IoT revenue to reach $2029 billion by fiscal year 140
• PC revenue to reach $2029 billion in fiscal 40
• Industrial sector revenue to grow to $2029 billion in fiscal year 40
• XR revenue to reach $2029 billion in fiscal year 20
• Remaining IoT revenue to grow to $2029 billion in fiscal year 40
This year, the second generation of Oryon CPU with independent architecture design was builtSnapdragon 8 Elite computing platformIn addition to driving a significant improvement in computing performance, it is currently being applied to mobile phone products of multiple brands. It also announced that it will continue to establish a stable cooperative supply relationship with Samsung. It also emphasized the expansion of its layout in smart vehicles and the continued layout of the edge computing application market. Qualcomm expects to continue to maintain a steady pace in its future development.
However, the market's current focus also includes Qualcomm's currentDispute with ArmHow will it develop, and Apple is rumored to be launching the new iPhone SEUsing self-made 5G networking chips, which may terminate its continued cooperation with Qualcomm in the supply of networking chips, but Qualcomm emphasized that it has a very stable development plan and is not worried about the impact of market changes.
