The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
By Robert Cyran
NEW YORK, Nov 22 (Reuters Breakingviews) - The $3.5 trln chipmaker gleans only 1% of sales from carmakers. Yet the unit grew 72% in the third quarter, a similar pace to rival Qualcomm. Stuffing silicon into cars could be a $140 bln market by 2028 and a crucial diversifier from relying on a few colossal data center buyers.
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CONTEXT NEWS
Nvidia said on Nov. 20 that it generated automotive revenue of $449 million in the third quarter, an increase of 72% from the same period last year. Total revenue was $35 billion.
Qualcomm generated automotive revenue of $899 million when it reported quarterly results on Nov. 4, an increase of 68% from the same period a year ago. Total revenue was $10.2 billion.
Mobileye Global said on Oct. 31 that third-quarter revenue declined 8% from the same quarter a year ago, to $486 million.
(Editing by Jonathan Guilford and Pranav Kiran)
((For previous columns by the author, Reuters customers can click on CYRAN/robert.cyran@thomsonreuters.com))
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