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MarketScreener Homepage  >  Equities  >  Nasdaq  >  QUALCOMM Incorporated    QCOM

QUALCOMM INCORPORATED

(QCOM)
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QUALCOMM Incorporated : OnQ BlogNov 19, 2020C-V2X delivers outstanding performance for automotive safetyC-V2X delivers outstanding performance for automotive safetyC-V2X delivers outstanding performance for automotive safetyC-V2X delivers outstanding performance for automotive safetyC-V2X delivers outstanding performance for automotive safetyC-V2X delivers outstanding performance for automotive safety

11/20/2020 | 10:13am EST
Qualcomm Works to Support Chery JETOUR and Phoenix Auto Intelligence's Advanced Digital Cockpit Experiences for Upcoming JETOUR Vehicles

JETOUR X70 PLUS features a 3rd Generation Qualcomm Snapdragon Automobile Cockpit Platform and Phoenix Auto Intelligence's software ecosystem to drive premium digital cockpit experiences for next generation vehicles

Nov 20, 2020GUANGZHOU

Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm Technologies, Inc. announced today work in support of JETOUR, a Chery Holding's brand, and Phoenix Auto Intelligence, a joint venture company of Tencent providing Internet of Vehicles (IoV) solutions, to bring premium digital cockpit experiences to upcoming vehicles. Combining the 3rd generation Qualcomm® Snapdragon™ Automotive Cockpit Platforms' high-performance compute, artificial intelligence (AI) and multimedia capabilities with Phoenix Auto Intelligence's TINNOVE in-vehicle operating system solution, the JETOUR X70 PLUS is among the first vehicles in China to feature the Snapdragon Automotive Cockpit Platform and TINNOVE system, bringing premium digital cockpit and driving experiences, to customers.

The 3rd generation Snapdragon Automotive Cockpit Platforms are Qualcomm Technologies' first-announced AI-based scalable automotive grade digital cockpit platforms engineered with immersive graphics, multimedia, computer vision and artificial intelligence capabilities. The JETOUR X70 PLUS leverages the 3rd generation Snapdragon Automotive Cockpit Platforms' ability to support higher levels of computing and intelligence needed for advanced capabilities in next-generation vehicles, including highly intuitive AI experiences for in-car virtual assistants, natural interactions between the vehicle and driver, immersive graphics, premium audio, advanced wireless technologies, in-car or external camera processing capabilities, rear seat entertainment, and more.

'The digital cockpit is critical to the vehicles' evolution towards being intelligent, connected, shared and electric. Today, automakers are seeking safe, high-performance and more intelligent scalable automotive cockpit platforms to cope with the growing and challenging demands of automotive computing and connectivity, while trying to always stay ahead of the fierce competition,' said Lei Xian, vice president of sales and business development, Qualcomm International (Shanghai) Co., Ltd. 'Qualcomm Technologies has many years of expertise in the automotive industry. Working together with JETOUR and Phoenix Auto Intelligence's system integrator, we're pleased to support the Chery JETOUR X70 PLUS with Qualcomm Technologies' 3rd generation Snapdragon Automotive Cockpit Platform to support the mobility experiences on next generation intelligently connected vehicles with the high-performance, safe, reliable and extensive ecosystem.'

'JETOUR is always committed to bringing safe, reliable and high-performance intelligent vehicles to consumers in the digital era. These joint efforts will be a pioneering exploration for JETOUR in intelligent vehicles and digital marketing fields,' said Siyu Bao, vice general manager of Chery Holdings and general manager of JETOUR. 'By leveraging Qualcomm Technologies' underlying hardware and technology advantages in automotive digital cockpit in combination with the deep customization in upper software and the extensive Tencent ecosystem of TINNOVE intelligent connected in-vehicle operating system solution, JETOUR will create unique selling points of productized intelligent vehicles with powerful automotive digital cockpit, and also gain a better understanding of our users from the aspects of digital marketing, to constantly deliver the latest, most intelligent driving experiences to our users.'

'As a key participant in Tencent's 'Internet of Vehicles Ecosystem Strategy', Phoenix Auto Intelligence values the efforts with Qualcomm Technologies and automakers,' said Daniel Pan, CEO of Phoenix Auto Intelligence and vice president of Tencent Auto Intelligence. 'By leveraging the great advantages in computing and AI of the 3rd Generation Snapdragon Automotive Cockpit Platform and the open, innovative and diversified ecosystem of TINNOVE intelligent connected in-vehicle operating system solution, Phoenix Auto Intelligence offers a comprehensive set of capabilities from system, hardware interfaces to operating system for deep optimization and enablement, and supports automakers like JETOUR to introduce digital cockpits featuring great performance with Tencent's extensive ecosystem, to create more intelligent, safer and richer driving experiences.'

About Qualcomm
Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

Qualcomm and Snapdragon are trademarks or registered trademarks of Qualcomm Incorporated.

Qualcomm Snapdragon Automotive Cockpit Platforms are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm Contacts

Pete Lancia

Corporate Communications

1-858-845-5959

corpcomm@qualcomm.com

Mauricio Lopez-Hodoyan

Investor Relations

1-858-658-4813

ir@qualcomm.com

Disclaimer

Qualcomm Inc. published this content on 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2020 15:12:01 UTC


© Publicnow 2020
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Sales 2021 30 324 M - -
Net income 2021 6 880 M - -
Net Debt 2021 1 796 M - -
P/E ratio 2021 26,4x
Yield 2021 1,60%
Capitalization 184 B 184 B -
EV / Sales 2021 6,12x
EV / Sales 2022 5,54x
Nbr of Employees 41 000
Free-Float 99,9%
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Mean consensus BUY
Number of Analysts 29
Average target price 162,81 $
Last Close Price 162,42 $
Spread / Highest target 23,1%
Spread / Average Target 0,24%
Spread / Lowest Target -31,0%
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NameTitle
Steven M. Mollenkopf Chief Executive Officer & Director
Cristiano R. Amon President & Chief Executive Officer-Elect
Mark D. McLaughlin Chairman
Akash Palkhiwala Chief Financial Officer & Executive Vice President
James H. Thompson Chief Technology Officer
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