Qualcomm
$QCOM (+0.41%) has announced that within the next five years it will generate sales of 12 billion US dollars in chips for cars and PCs over the next five years. The company emphasizes that the increasing demand for advanced semiconductor solutions for connected vehicles, driver assistance systems and high-performance PC chips forms the basis for this growth forecast. The automotive sector alone is expected to contribute USD 9 billion to sales, while the remaining USD 3 billion will come from the PC business.

The forecast underlines Qualcomm's strategy of diversifying away from its dependence on the smartphone market and tapping into new growth areas. The company is increasingly investing in technologies such as AI-powered vehicle systems and Arm-based PC chips to remain a leader in these segments.

Personal opinion:

I also hold Qualcomm myself and am a firm believer in the company and its management.

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