Qualcomm Incorporated has partnered with ECARX Holdings Inc. to use its QCOM Snapdragon Elite platform (SA8797) for ECARX’s ECX Zenith computing platform. This collaboration aims to enhance advanced, software-defined vehicle experiences worldwide. Qualcomm’s Snapdragon Elite integrates CPU, GPU, and AI capabilities on a single chip, supporting infotainment, digital cockpits, and Advanced Driver Assistance Systems (ADAS).
Qualcomm’s chip innovations, including the Snapdragon Ride Flex SoC, position them well in the growing automotive technology market, projected to reach nearly $43.24 billion by 2030, with a CAGR of 10.1%, according to Grand View Research. The company is actively collaborating with major automakers, such as Hyundai Mobis and Volkswagen, on software-defined vehicles and autonomous driving technology.
Despite a 10.3% drop in Qualcomm’s share price over the past year, underperforming against a 40.8% industry growth, the company’s advances in automotive technology may position them for future growth. They currently trade at a forward price-to-earnings ratio of 12.6, compared to 32.49 for the industry.
