(Reuters) – Qualcomm anticipates $8 billion in auto chip earnings and $4 billion in computer chip sales by financial 2029, it claimed at a financier occasion kept in New York on Tuesday.
San Diego, California- based Qualcomm is the globe’s leading provider of cellphone chips that link mobiles to mobile information networks. It earns money off both the chips themselves and additionally licensing charges for its profile of 5G and various other cordless innovations.
The business has actually been functioning to expand its offerings, winning manage firms consisting of General Motors to provide chips for the control panels and driver-assistance systems in lorries, and working together very closely with Microsoft and computer manufacturers to complete versus Intel and Advanced Micro Devices in the laptop computer market.
(Reporting by Stephen Nellis in San Francisco; Additional coverage by Zaheer Kachwala in Bengaluru and Max Cherney in San Francisco; Editing by Sayantani Ghosh)
