Qualcomm announced deals with automakers and chips for Microsoft’s AR glasses
At CES 2022, Qualcomm (QCOM) announced partnerships with Renault, Volvo, and Honda and the development of chips to create AR glasses in collaboration with the giant Microsoft (MSFT).
Consumer Electronics Show (CES) 2022 Qualcomm has announced several profitable deals with major automakers and Microsoft (MSFT) giants.
Qualcomm, known worldwide for its chips for mobile phones, is rapidly expanding in the 5G and IoT (“Internet of Things” “) chip markets, as well as launching Snapdragon Automotive Cockpit 3rd generation car platforms and other solutions for onboard car computers.
Investors welcome Qualcomm’sQualcomm’s efforts, given that every major automaker in the world today is striving to create technically more advanced intelligent driver assistance systems and infotainment systems in their cars.
Such advanced onboard computers enable remote paid software updates that allow automakers to generate revenue long after the car has – a business model first developed by Tesla (TSLA).
Qualcomm Technologies (QCOM) shares, which increased by 22% in 2021, accelerated their growth in the last quarter – adding 46.8%. Trading signals and forecasts for Qualcomm shares. In November 2021, more than 15 analysts of investment companies raised their target prices for Qualcomm shares.
The company announced that its 3rd generation Snapdragon Cockpit platforms would be used in future Honda models to power its technically advanced infotainment systems.
Honda expects that cars with this Qualcomm platform and an Android-based infotainment system will be on sale in the U.S in the second half of 2022, and in 2023 the cars will go on sale worldwide.
Volvo Car Group announced that it would use the next-generation Snapdragon Cockpit combined with Google solutions and an advanced set of;
Wireless technologies to; Support advanced Wi-Fi and Bluetooth capabilities in its Polestar 3 SUVs and new all-electric Volvo Cars.
Later this year, Volvo plans to release cars with new Snapdragon Cockpit platforms.
Renault Group announced that it would use Qualcomm’s Snapdragon Digital Chassis platform to equip future Renault models with the latest car solutions, such as connection to cloud services, driver assistance systems enhanced security features and other digital technologies capabilities that can updated throughout the life of the car.
At CES 2022, Qualcomm also announced a partnership with Microsoft. The company will develop custom AR chips for new energy-efficient and lightweight AR glasses while integrating Microsoft Mesh software and Snapdragon Spaces XR Developer Platform.
The shares of technical equipment and software manufacturers for the new branch of the metaverse today are of increased interest among investors.
Meta Platforms (formerly Facebook) shares, after the announcement of the company’s renaming and its business development plans in the field of augmented and virtual reality to create a “metaverse,” regained their growth and increased by 9.7% over the past month.
