💡Qualcomm's technology powers cloud-connected features in vehicles and advanced driver assistance systems.
🚗The company is diversifying its business into the automotive industry, collaborating with major automakers.
📲Qualcomm's chipsets are used in smartphones, but the company aims to reduce reliance on this market.
🎮Qualcomm is also exploring the potential of augmented reality (AR) and virtual reality (VR) headsets.
🔋The demand for Qualcomm's chips in smartphones is declining due to industry-wide downturn and competition.