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Qualcomm targets $22 billion in automotive, IoT revenue by 2029

Qualcomm wants to diversify its offerings and reduce its dependency on the mobile handset market At its 2024 Investor Day, Qualcomm outlined ambitious financial targets in several emerging growth areas as part of its larger strategy around reducing its dependency on the mobile handset market. Specifically,...

Vodafone and e& sign cross-border IoT deal – to serve Mercedes for starters

Vodafone is working with Emirati operator e& to supply Mercedes-Benz with cellular IoT for its vehicles in the United Arab Emirates. Vodafone is to supply an eSIM solution for in-vehicle connectivity and digital services. It will be active, and available for Mercedes-Benz customers, during...

Verizon supplies 5G and IoT to remote-controlled EV hire service in Las Vegas

Verizon Business has signed a deal with Germany-based automotive technology startup Vay Technology to supply 5G to its rental fleet of remotely operated electric vehicles (EVs) in Las Vegas. The enterprise division of the US carrier is also providing custom IoT data plans, it...

Wireless system testing enhances automotive connectivity

Diverse wireless technologies require car manufacturers to adopt comprehensive test support The automotive industry is experiencing an unprecedented integration of wireless connectivity, which is transforming the driving experience by improving vehicle accessibility, safety, security, convenience and reliability. In-vehicle wireless technologies are broadly categorized into three groups:...

Quectel highlights benefits of 5G RedCap in diverse sectors

In industrial scenarios, 5G RedCap will enhance process automation, predictive maintenance and real-time monitoring, said Quectel Sectors such as manufacturing, automotive, healthcare and smart cites will benefit the most from 5G RedCap technology, Igor Černjava, product manager of 5G and LTE-A EMEA at Quectel, told...

Qualcomm bullish on automotive, AI on smartphones

CEO Cristiano Amon expects on-device AI to "drive competitive differentiation" in multiple verticals Qualcomm saw its fourth consecutive quarter of record revenues in its automotive business and its executives including CEO Cristiano Amon were enthusiastic about the opportunities for the chip company that artificial intelligence,...

BMW opens Industry 4.0 developer hub with NTT Data in Romania

BMW Group has opened a new IT and software hub in Romania to accelerate the company’s digital transformation across both its driver-facing automotive software activities and its production-based Industry 4.0 initiatives. These include “cloud innovations and AI”, it said. The new site, called BMW...

Antenna maker Harada to develop Sigfox trackers for auto industry

Japanese automotive antenna manufacturer Harada Industry is to design and produce a range of retro-fitted and embedded Sigfox-based IoT tracking solutions for the automotive industry. R&D teams from Harada Industry and Sigfox parent Unabiz will collaborate to develop a “film-type vehicle smart tracker”, initially,...

AT&T, T-Mo, Verizon; Audi, Ford, GM – five cases of 5G driving the auto industry

Seeing as you enjoyed our last post so much, here is another entry based on the same report by the CTIA, the cellular industry association in the US, and the Alliance for Automotive Innovation, its equivalent for the automotive industry, about how 5G connectivity...

Four ways 5G is driving change in the automotive industry

Three “mega trends” are transforming the modern ‘mobility’ industry, which variously covers the crossover of the automotive, transport, and logistics sectors – basically anywhere vehicles, mostly cars, are used. These trends, according to a new report by the CTIA, the cellular industry association in...

Honda and IBM collaborate on software-defined vehicle R&D

Honda and IBM will research specialized semiconductor technology and open software solutions to address software-defined vehicle challenges Honda Motor Co. and IBM are collaborating on the research and development (R&D) of next-generation computing technologies to address emerging processing, power and design challenges for software-defined vehicles...

Qualcomm reports growth in handset, automotive segments in Q2

Qualcomm reported that its automotive segment increased 35% year-over-year Qualcomm beat market expectations in Q2 2024, with the company expecting between $8.8 billion and $9.6 billion in sales. Net income during the quarter was $2.33 billion, or $2.06 per share, compared to $1.7 billion,...

NXP intros family of UWB chip solutions for automotive manufacturers

NXP Semiconductors has introduced a new ultra-wideband (UWB) family of integrated circuits (ICs) for the automotive industry. Its new Trimension NCJ29D6 solutions bring the real-time localisation with short-range radar characteristics of UWB technology into the Dutch firm’s automotive portfolio to support use cases including...

MediaTek debuts five-year plan for globalization, diversification

Target growth segments for MediaTek include ASICs, automotive, broadband and IoT DANA POINT, California—CEO Rick Tsai took the stage for the opening keynote of the fabless semiconductor firm’s annual MediaTek Executive Summit and immediately struck a contemplative tone. In usually temperate Orange County, rain welcomed...

Huawei, China Unicom to install 5G-Advanced production line

Huawei highlighted that 5G-Advanced networks provide ultra-high reliability and ultra-low latency China Unicom and Huawei claim that they are installing a commercial 5G-Advanced production line that features ultra-high reliability and ultra-low latency at the Baoding automation technology branch of Chinese firm Exquisite Automotive Systems (EA),...

O2 Telefónica hands Transatel MVNO deal in Germany, targeting automotive and industrial IoT

NTT-owned IoT MVNO-enabler Transatel has signed a wholesale deal with O2 Telefónica in Germany to offer IoT coverage and applications for the automotive sector and wider industrial market. The arrangement gives the France-based firm, offering local MVNO and MVNE services in Europe for two...

Test and Measurement: PCTel to be acquired by Amphenol

The purchase of all PCTel's outstanding shares will cost Amphenol about $140 million Test, measurement and antenna company PCTel has agreed to be acquired by global electronics tech company Amphenol, which focuses on interconnect, sensor and antenna solutions. Amphenol will acquire all outstanding shares of PCTel...

Kagan: Frontier Communications shows growth in Business Services

Frontier Communications has been facing pressure to show growth for several years. While they still face that pressure, when it comes to business services, they seem to be doing something right. Frontier Business is showing growth, and that may be where they will continue...

Bosch, Infineon, Nordic, NXP, Qualcomm drive open-source RISC-V hardware

Heavyweights in the semiconductor industry have joined together to create a new company to accelerate production of products based on the new open-source RISC-V (RISC-five; reduced instruction set computer-V) architecture. Robert Bosch, Infineon Technologies, Nordic Semiconductor, NXP Semiconductor, and Qualcomm Technologies will jointly invest...

Reporting a soft Q3, Qualcomm focuses on AI opportunity

Qualcomm down double digits in handsets and IoT; automotive remains a growth driver Qualcomm reported third quarter results this week; total revenues were down 23% from the same quarter last year to $8.45 billion with handset revenue down 25% and IoT revenue down 24%. The...

Telit Cinterion sells automotive IoT unit to IoT-hungry German outfit Kontron for €24.5m

Bit late, but important to report: US-headquartered IoT module maker Telit Cinterion announced at the start of the month (July 3) that it has agreed to sell its cellular IoT automotive business to German IoT and IT electronics manufacturer Kontron for €24.5 million. The...

Vodafone and Hyundai extend European IoT deal for in-car streaming and services

Vodafone has extended a major broadband-IoT deal with South Korean automotive manufacturer Hyundai Motor Group to provide in-car streaming and entertainment (‘infotainment’) services for all new Hyundai, Kia and Genesis models sold in Europe. The multi-year deal covers 40 countries in Europe, and starts...

Amid growth in automotive business, Qualcomm acquires V2X specialist

The acquisition of Autotalks is meant to bolster Qualcomm Snapdragon Digital Chassis, speed adoption of V2X Although stagnant handset demand is currently coloring its business, Qualcomm continues its strong growth in the automotive segment, reporting last week a 20% quarterly year-on-year increase in revenue despite...

Automotive a bright spot for Qualcomm in Q2

Handset demand down "at a magnitude greater than we previously forecasted," Qualcomm CEO said Citing “further demand deterioration” in its core handset business, Qualcomm this week reported second quarter financials in line with its guidance but down 17% from the same quarter last year to...