QUALCOMM TARGETS BILLIONS IN DATA CENTER CHIP REVENUE

Qualcomm CEO Cristiano Amon announced the revenue projections during an appearance on Bloomberg Tech, underscoring the company's ambitions beyond its core smartphone processor business. The data center chip market has become increasingly valuable as enterprises accelerate AI deployment. Qualcomm's entry into this space directly challenges established players like NVIDIA and AMD, which have dominated data center accelerators. Meta's partnership with Qualcomm marks a notable win for the chipmaker. The social media giant, which operates massive data center infrastructure, has historically worked with multiple suppliers to reduce dependency on single vendors. Qualcomm's data center strategy focuses on custom silicon tailored to specific workloads, offering potential cost and efficiency advantages. The company's shift toward this market reflects broader industry trends as cloud providers and AI companies seek alternative chip suppliers to meet growing computational demands.