Qualcomm's automotive chip revenue increased by 35% year-on-year

In the second quarter of fiscal year 2024, Qualcomm's automotive chip business performed well, with revenue soaring 35% year-on-year to US$603 million. This growth was mainly due to the adoption of the Snapdragon 8295 chip by new models of many automakers, allowing Qualcomm to set a record high in this business area for three consecutive quarters.