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CLAIM #51174 · Qualcomm Incorporated (QCOM) · 2022Q1 earnings call · Feb 2, 2022 · due Dec 31, 2022

But -- and as we said, supply is going to get better as we get to the second half of 2022.

Cristiano Amon · CEO

PENDING
graded after results covering Dec 31, 2022 are reported

In context

or supply chain shortage, it is across everything. Now having said that, the second part of the answer is, scale has been very helpful. Two things have been very helpful for Qualcomm. One is the high predictability we have on our demand. We can bet on ourselves, and therefore, we have the ability to make long-term capacity planning and get long-term capacity commitments from our vendors. And also, the scale that we have to be able to utilize multisourcing, that has put us in a good position to navigate through this. Now having said that, so I'll repeat what I said before, we still have more demand than supply, even though we're very happy with the growth rates and how good was the quarter, the guide how we've been managing, I think the seasonality between handsets and the growth business. But -- and as we said, supply is going to get better as we get to the second half of 2022. Matt Ramsay: Very helpful. Thank you for that. Just as a follow-up. On the auto business, you guys presented a very compelling story around ADAS at the Investor Day, but I was a bit surprised that the Ultra Cruise announcement so quickly. Congrats on that. Maybe if you could give a little bit more details behind that relationship with GM and if you have other irons in the fire of similar profile. Thanks. Cristiano Amon: Thanks for the question. Automotive is really an incredible opportunity for Qualcomm. We're super excited about everything is happening automotive, has happened in a very short period of time. And I think we have something that is very unique. It's separate us from everybody else. So it's not about having a component. It's about creating a digital chassis with capabilities

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SEC filings for QCOM · Claim quote is verbatim from the 2022Q1 earnings call.