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Home » Qualcomm » QUALCOMM Incorporated (QCOM) Deutsche Bank AutoTech Conference (Transcript)

QUALCOMM Incorporated (QCOM) Deutsche Bank AutoTech Conference (Transcript)

Posted on November 12, 2023 By legume No Comments on QUALCOMM Incorporated (QCOM) Deutsche Bank AutoTech Conference (Transcript)

QUALCOMM Incorporated (NASDAQ:QCOM) Deutsche Bank AutoTech Conference November 9, 2023 1:30 PM ET

Company Participants

Nakul Duggal – SVP & General Manager, Automotive & Cloud Computing

Mauricio Lopez-Hodoyan – VP, IR

Conference Call Participants

Ross Seymore – Deutsche Bank

Ross Seymore

Right. Good morning and good afternoon to everyone. I’m Ross Seymore, the U.S. semiconductor analyst here at Deutsche Bank. Welcome to the 8th Annual Deutsche Bank AutoTech Conference. We’re very pleased to have our next discussion here with Qualcomm and specifically, Nakul Duggal, who is the Senior Vice President and GM of the Automotive and the Cloud Computing effort there, well obviously we’ll be talking about the automotive side today. So Nicole, thank you very much for joining us.

I wanted to just start off with a little bit of near-term dynamics and market dynamics and then get into the meet of the discussion on what Qualcomm is doing in the automotive market.

So in the near-term dynamics, you guys have had a great year. And you — I think last fiscal year, your automotive business grew the better part of 35% plus, which was very impressive. That finished the year with a really strong fiscal fourth quarter, which is your September quarter. That grew more than most of us expected. I think you guys thought it’d be up low double digits and ended up growing about twice that.

Was the goodness there, anything meaningful? Or is it just kind of a timing dynamic when a specific product launches at one of your customers? Or was there anything to draw from that upside? Or was it just that timing?

Nakul Duggal

Thanks, first of all, Ross, for having me and good to be with you again. Look, I think the strategy that we’ve had is to deploy our digital chassis across the variety of

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