Qualcomm Incorporated (QCOM), famed for manufacturing chips and modems embedded in Android phones, is assertively aiming to carve a niche for itself in the sphere of artificial intelligence. Recent pronouncements by the company underline this ambition, with novel developments such as in-vehicle generative AI capabilities, expansion into two-wheeler markets, and an exciting new collaboration with Amazon Web Services.
In recent years, QCOM has set its sights on broadening its footprint in the domain of automotive chips, a sector already buzzing with high-stake action from incumbent heavyweights. The increased competition in the car chip business poses a robust challenge to Qualcomm's plans.
