Qualcomm Technologies Inc has diversified beyond mobile devices to the fields of automotive, Internet of Things (IoT) and hybrid artificial intelligence (AI). Qualcomm believes that the future of AI needs to be hybrid, with AI workloads distributed between the cloud and devices, instead of processing in the cloud alone. The company’s Snapdragon Digital Chassis platform focuses on three domains for smart ride driver assistance, connectivity from internal car to cloud and cockpit. Qualcomm’s Aware IoT platform combines its chips, expansive ecosystem, and tools to help digitally transform and modernise industries. The company’s automotive business revenue was up 58% year-on-year at US$456 million and expects the total addressable automotive market to expand to $100 billion by 2030.
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