"Qualcomm CEO Amon Confident in Beating Auto Chip Sales Targets"
Qualcomm's CEO Cristiano Amon stated that the company's foray into automotive chips is poised to surpass sales projections, aiding in reducing its dependence on mobile-phone electronics. The chipmaker aims to achieve approximately $4 billion in sales from its auto unit by 2026, with revenue expected to reach $9 billion by the end of the decade.