Wired
(Electronic enthusiast network report / Zhang Ying) Recently, Qualcomm’s share price ushered in a series of rises, rising 7.9% on Tuesday. This semiconductor company, known for its mobile phone chips, radio frequency chips, Internet of Things chips, and automotive chips, has ushered in a bright moment.
Qualcomm stock price, screenshot from yahoo finance.
On November 16, at the Qualcomm Investor Summit held in New York, Qualcomm President and CEO An Meng said: “Qualcomm is ushering in the biggest development opportunity in its history, helping to empower a world of intelligent interconnection of all things. Qualcomm With unique advantages, we will achieve business growth in many areas in addition to smart phones. Our business is rapidly diversifying, not relying on a single industry or a single customer.”
Pictured: An Meng, President and CEO of Qualcomm.
It is reported that Qualcomm provides baseband chips to Apple, and it is estimated that Qualcomm will provide 20% of the required modem chips for the iPhone in 2023. The company reports that total chip sales in 2021 will be $27 billion.
“As we continue to invest in leading RF front-end technology, we have the opportunity to supply Apple.” Anmeng said, “So everything about Apple, we should consider going up.” In addition, Qualcomm Chief Financial Officer Akash Palkhiwala said, Qualcomm’s main strategy in mobile phones is to power high-end Android devices.
We also clearly see that although Qualcomm is known for its mobile phone Soc chip, processor and baseband chip supply capabilities, Qualcomm said it has diversified its business and now more than one-third of its sales come from powering other types of equipment. Chips, such as personal computers, cars, AR and VR, and wireless headsets.
Figure: Qualcomm’s four strategic business development plans.
Anmeng shared with investors present the company’s new financial goals for the next three fiscal years, including:
1. By the 2024 fiscal year, QCT’s semiconductor business revenue will achieve a compound annual growth rate in the double digits, and the operating profit margin will exceed 30%.
2. By fiscal year 2024, the growth rate of smartphone and RF front-end business revenue will be at least the same as the 12% compound annual growth rate of the serviceable market (SAM).
3. The annual revenue of the automotive business will increase to 3.5 billion U.S. dollars in the next 5 years, and to 8 billion U.S. dollars in the next 10 years. Part of Qualcomm will be realized through a new partnership with BMW.
4. By the 2024 fiscal year, sales of IoT chips will increase from 5.06 billion US dollars in 2021 to 9 billion US dollars.
5. The QTL technology licensing business is expected to maintain the current revenue scale and profit level.
Figure: 5G field, Qualcomm’s technology and product layout.
“With the integration of 5G, high-performance, low-power computing, and terminal-side AI, terminals can be connected to the cloud in real time, and digital transformation is accelerating. Qualcomm’s leading advantage in the mobile field is creating new opportunities for the edge of the intelligent network. By 2025, it is estimated that 64% of data will be generated outside the traditional data center. The increase in the amount of data on the edge will increase the demand for local data processing and intelligent applications. This has promoted the formation of key industry trends. The need for technology has arisen at the historic moment. Including: 5G becomes wireless fiber, 5G expands to enterprise networks, home’enterprise’, XR becomes a meta-universe terminal platform, mobile and PC integration, AI at the edge, and assisted driving, etc. Etc.” Anmeng elaborated on the prospects of the 5G market and expressed confidence in the main applications of Qualcomm’s technology empowerment.
“With our leadership in AI, cameras, graphics, processing, and connectivity, we provide terminal-side intelligence, high-performance low-power systems and all wireless components for almost every type of edge-side terminal, from earplugs to smart connected cars. “Anmeng described a unified technology roadmap. In the past, Qualcomm’s potential market size was 15 billion U.S. dollars. Now, Qualcomm’s potential market size has grown to 100 billion U.S. dollars, mainly due to the new flagship and high-end Android terminals, Radio frequency front end (RFFE) and automotive business.
Taking the RF front-end business as an example, Qualcomm achieved its goal of number one in the smartphone RF front-end market by one year ahead of schedule. With leading RF front-end performance and business expansion across all categories, Qualcomm’s cumulative shipments of RF front-end units in 2021 will reach 8 billion, of which individual component shipments will exceed 300 million. For future market opportunities in the millimeter wave field and WiFi field, Qualcomm will rely on its deep technology accumulation to apply the RF front-end to the automotive and Internet of Things fields, and comprehensively promote the continuous growth of Qualcomm’s RF front-end business.
Figure: Qualcomm unified technology roadmap.
In the field of Internet of Vehicles, Qualcomm is continuing to expand its product advantages. Qualcomm ranks first in the field of in-vehicle networking and automotive wireless connectivity. More than 25 automakers have adopted the Snapdragon automotive digital cockpit platform. The addition of Qualcomm’s existing assets and Arriver business makes Qualcomm unique in the field of ADAS (advanced driver assistance systems) Advantage.
Qualcomm executives said that in terms of GPU, Qualcomm has shipped more than 3.5 billion Adreno GPUs, covering smart phones, PCs and automobiles. Qualcomm’s deep technical leadership in the mobile field is extending to the edge. The unified technology roadmap displayed by Qualcomm includes automotive, XR and PC. The latest case is that on November 16, Qualcomm announced that it will cooperate with the developer L&L Holding Company to launch the Times Square Smart Experience Project (STSX), which is committed to turning New York’s Times Square into a new smart entertainment, hotel and retail experience center. Through 5G enterprise private network, Wi-Fi 6, XR, Internet of Things and other technologies, it will bring a futuristic immersive experience to the most iconic and recognizable landmarks in the world.
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