Qualcomm's QCT division revenue increased, and its automotive chip business performed well

Qualcomm's QCT division achieved a 12% annual growth rate in revenue in the third quarter, reaching $8.069 billion, and its pre-tax profit margin increased by 3 percentage points to 27%. Within the CDMA Technology Group, the revenue of the mobile phone chip business and the automotive chip business both increased, while the revenue of the Internet of Things business declined. In particular, the automotive chip business had revenue of $811 million, a year-on-year increase of 87%, setting a record high for the fourth consecutive quarter.