Qualcomm's Push Into Auto Chips Is On Track to Beat Sales Targets, CEO Amon Says
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Qualcomm Inc.’s push into automotive chips is on course to beat sales projections, Chief Executive Officer Cristiano Amon said, helping the company decrease its reliance on mobile-phone electronics.
The chipmaker, the top seller of processors for smartphones, has said that it will have about $4 billion of sales from its auto unit by 2026 — with the revenue rising to $9 billion by the end of the decade.