BriefCASE: Revving up - Qualcomm’s automotive business hits high gears | S&P Global
While there's been a run of bad news from leading tier-1 suppliers such as Schaeffler and Bosch about sluggish demand from the automotive sector, system-on-chip (SoC) companies such as Qualcomm and Nvidia have been plowing a different furrow. Qualcomm, which is enjoying an EBITDA margin around the 30% mark, compared with the 5% currently typical of leading suppliers, has reported strong growth in its automotive revenue this year and has plans to strengthen its offering for the sector as per its recent Snapdragon Summit 2024.
