Qualcomm expects $15B in data center chip sales by 2029, raises its non-handset chip revenue forecast to $40B by 2029, up from $22B; QCOM jumps 13%+ after hours (Reuters)
Qualcomm raised long-term AI data center chip targets, signaling a larger push beyond handsets into accelerator infrastructure.
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<a href="https://www.reuters.com/business/retail-consumer/qualcomm-bets-ai-chips-break-smartphone-reliance-faces-crowded-race-2026-06-24/"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260624/i42.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260624/p42#a260624p42" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="http://www.reuters.com/">Reuters</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.reuters.com/business/retail-consumer/qualcomm-bets-ai-chips-break-smartphone-reliance-faces-crowded-race-2026-06-24/">Qualcomm expects $15B in data center chip sales by 2029, raises its non-handset chip revenue forecast to $40B by 2029, up from $22B; QCOM jumps 13%+ after hours</a></b></span> — Qualcomm (QCOM.O) said it expects to generate $15 billion in sales from its data center business by 2029 as it moves beyond … </p>
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