Qualcomm is pivoting toward data centers as smartphone sales drop ~20% year-over-year, aiming to generate $5B in data center revenue by end of 2027 and $15B by 2029, backed by partnerships with Amazon and Meta.
Background
Qualcomm has long been dominant in mobile chipsets but faces declining smartphone demand, prompting a strategic shift into AI-powered data center infrastructure competing with NVIDIA and AMD.
- Source
- The Verge
- Published
- Nov 5, 2026 at 06:42 AM
- Score
- 6.0 / 10