Qualcomm to Supply Chips for BMW Vehicles
Nov. 18, 2021—Qualcomm on Tuesday announced it would begin supplying its semiconductor chips to BMW for use in the automakers ADAS systems.
San Diego-based Qualcomm is the leading provider for cell phone chips according to Reuters, but it has made an effort in recent years to begin diversifying its portfolio. By branching out to the automotive sector, as well as other markets, Qualcomm CEO Cristiano Amon said the "addressable market" for his companies chips is around seven times higher than it would otherwise be if it stuck to the phone market.
"We've never had so many end-market opportunities for Qualcomm as we have today," Amon said.
A BMW spokesperson said the chips will be used in its upcoming "Neue Klasse" series, set for production in 2025. Neither company said how many of BMW's vehicles will use Qualcomm chips.