Qualcomm (NasdaqGS:QCOM) 2025 Conference December 02, 2025 04:55 PM ET Speaker1Okay, we're going to get started. Good afternoon. I'm Tim Arcuri. I'm the semiconductor and semi-equipment analyst here at UBS. We're very pleased to have Qualcomm. We're very pleased to have Cristiano Amon from Qualcomm, who's the President and CEO. So thank you, Cristiano.Speaker0No, thank you, Tim. Good talking to you.Speaker1Great. So let's start talking about the business that everyone wants to know about, which is your data ...

Core Insights - Lucid Group, Inc. reported a significant increase in third-quarter 2025 revenue, reaching $336.6 million, which is a 68% increase year-over-year, attributed to higher vehicle deliveries and production growth [1] - The company produced 3,891 vehicles in the quarter, marking a 116% increase from the previous year, and delivered 4,078 vehicles, up 47% from Q3 2024 [1] Financial Developments - Lucid and its largest shareholder, the Public Investment Fund (PIF), agreed to expand the company's delayed draw term loan facility from $750 million to approximately $2.0 billion, which remains undrawn [2] - With the DDTL expansion, Lucid's total liquidity at the end of the quarter would have been about $5.5 billion, compared to the actual total liquidity of $4.2 billion [2] Strategic Collaborations - The company announced a strategic collaboration with NVIDIA to co-develop next-generation Level 4 autonomous driving technology, enhancing its capabilities in software-defined vehicles [3] - Lucid delivered its first vehicles to Nuro for integration into Uber's robotaxi engineering fleet, with an initial rollout planned for San Francisco in 2026 [3][4] Partnerships and Organizational Changes - Uber completed a $300 million strategic investment in Lucid, reinforcing their partnership in premium electric and autonomous transportation [4] - Lucid implemented organizational changes aimed at accelerating growth, streamlining decision-making, and supporting global expansion [4] Operational Focus - Interim CEO Marc Winterhoff emphasized that Lucid maintained "strong operational momentum" during the quarter, focusing on production ramp-up and advancements in autonomy and intelligent mobility initiatives [5] - CFO Taoufiq Boussaid highlighted the company's commitment to cost management and financial discipline, with liquidity supported by the expanded PIF facility [5] Production Facilities - Lucid continues to produce and assemble vehicles at its facilities in Arizona and Saudi Arabia, including the Lucid Air and the upcoming Lucid Gravity SUV [6]

Core Insights - NXP Semiconductors has completed the acquisition of TTTech Auto, a leader in safety-critical systems and middleware for software-defined vehicles (SDVs), as per the agreement announced in January 2025 [1][7] - The acquisition aims to enhance the NXP CoreRide platform and TTTech Auto's MotionWise safety middleware, facilitating automakers in overcoming integration barriers while improving scalability and cost-efficiency for next-generation vehicles [2] Company Strategy - TTTech Auto will maintain a neutral position within the industry ecosystem, supporting various System-on-Chips manufacturers, OEMs, and third-party software partners, which will advance SDV capabilities while ensuring safety and data protection [3] - NXP Semiconductors operates in over 30 countries and reported a revenue of $12.61 billion in 2024, indicating a strong market presence and financial stability [5]