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Qualcomm Incorporated (QCOM) reported a revenue of $11.27 billion for the latest quarter, marking a year-over-year increase from $10.24 billion. The company’s automotive revenues surged 17% to a record high of $1.05 billion, driven by advancements in its Snapdragon Digital Chassis platform.
In the same period, Qualcomm’s IoT revenues reached $1.81 billion, a 7% increase, while handset revenues rose 14% to $6.96 billion. The expected revenue for Qualcomm is projected at $45.29 billion for the year, reflecting a 2.6% year-over-year growth.
In comparison, Intel Corporation reported revenues of $13.65 billion (up 2.79% year-over-year) and Advanced Micro Devices (AMD) announced revenues of $9.25 billion, up 35.6% year-over-year, showcasing a competitive landscape in the semiconductor sector.
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