Chipmaker Qualcomm says automotive future business expands to $30 billion

People visit a Qualcomm booth at the Mobile World Congress (MWC) in Shanghai, China February 23, 2021. REUTERS/Aly Song

(Reuters) - U.S. chip maker Qualcomm Inc on Thursday said its automotive business "pipeline" increased to $30 billion, up more than $10 billion since its third quarter results were announced in late July.

The jump in future business was thanks to its Snapdragon Digital Chassis product used by car makers and their suppliers, said Qualcomm at its Automotive Investor Day. The Snapdragon Digital Chassis can provide assisted and autonomous driving technology as well as in-car infotainment and cloud connectivity.