Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
Please consider a small donation if you think this website provides you with relevant information
| Statement |
|---|
| So I think we've developed a pretty good portfolio and reputation |
| Just 1 skill doesn't necessarily get you to be successful and you need to have a long-term plan to be able to go support these types of products, I think that's the one thing that we've learned and I think it is actually paying off very good dividends |
| It also is a very big advantage to our Tier 1 partners who want the same exact advantage, build 1 platform and then you have the ability to scale that across many different types of vehicle and across many different OEMs |
| I think those are extremely valuable assets, and I think that strategy is certainly playing out very well, and I think we are seeing the benefits from them |
| And you -- I think last fiscal year, your automotive business grew the better part of 35% plus, which was very impressive |
| And we have a very good hedge because we are building a stack that allows us to be able to go support anything that becomes a mandate |
| But we also feel good about the fact that we are designing across a variety of different automakers at really all tiers |
| And I think we are really I think very well positioned there in terms of being a great partner to the automotive industry |
| And that certainly helps us given our track record in cockpit and [indiscernible] |
| We are also, I think, benefiting from a large amount of digital transformation that's going on across all of these vehicle architectures regardless of what type of powertrain there is |
| That finished the year with a really strong fiscal fourth quarter, which is your September quarter |
| So really happy to see the results reflect the efforts that we've been putting in |
| I think we've been able to apply that quite well to the automotive industry |
| And we are seen as a very mature, very well-established player in that space |
| I think we've done quite well in that area |
| So you know one thing that we certainly benefit from given that we are, in our DNA as smartphone company, caring of products comes very naturally to us |
| So I really appreciate you participating in the conference again this year and best of luck for continued success in the automotive efforts |
| I think the digital cockpit business, we are very we are very bullish on for a couple of reasons |
| So in the near-term dynamics, you guys have had a great year |
| I think we are comfortable with the $4 billion and the pipeline continues to do well and expand |
| So the ability to go all the way from entry to premium is something that I feel we have some unique differentiation in |
| And I think the China ecosystem is able to move much faster, experiment a whole lot more, get into very specific areas of differentiation, whether it is cockpit, whether it is ADAS, it's a much faster moving market than other parts of the world |
| But I feel like what is becoming very clear to the automotive industry is that selecting platform and selecting partners that allow them to be able to move fast and in a very reliable way is extremely important |
| And then especially on the cockpit, one of the reasons we've been winning is we have a very clear strategy |
| And I think cockpit has been growing steadily over the years |
| And very importantly, what we have done is we've built our technology IP portfolio to be highly scalable |
| I am of the opinion that the hands-free obviously, is upon us and is going to keep improving in quality |
| The other piece that actually helps quite a bit is because there is so much of focus on software and in-sourcing of software and driving a lot of performance out of the SKU, automakers have started to consolidate how many different tiers of semiconductors they want and that has helped us quite a bit as well |
| That grew more than most of us expected |
| So the lessons that we learned a few years ago when we were heavily focused on the cockpit where we created a 3-tier architecture, we have applied those same lesson as you move to the next generation, and it has made a huge difference, and automakers really like the ability for that level of flex to be available |
| Statement |
|---|
| And I guess from a somewhat still nearer-term point of view and the cyclicality of things, we've heard from other auto semi suppliers that there's been some pushouts on inventory, some of the cyclical dynamics you talked about, but generally, a little bit of weakening EV adoption maybe being a little bit slower |
| And as you can imagine, with the amount of transformation that is going on globally in this segment, especially with electrification, the timing of program launches is kind of all over the place because automakers are coming out of the semiconductor crisis, there have been delays in terms of new car architectures |
| I think clearly, the macro is going to affect all of us |
| Last cyclical question I have is there was a little bit of a fear during the pandemic and the shortages of product that the car makers themselves were skewing to the high end of their mix if they were limited to supply, they might as well make the vehicle that carries the highest price point and that makes total sense, the fear cyclically is that with normalize to a more balanced mix with the low end finally catching up to the extent you have more of the exposure at the high end in many of your products, have you seen that mix shift? And if not, is that a concern you possess? Nakul Duggal Actually, we don't really think of our products as catering to the high end |
| Ross Seymore And coming out of the cyclical dynamic, like you said, there were some shortages and that created a bunch of different volatility in inducing metrics |
Please consider a small donation if you think this website provides you with relevant information