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Qualcomm Eyes $15B AI Data Center Bonanza by 2029
25 Jun
Summary
- Qualcomm aims for over $15 billion in annual data center AI component sales by 2029.
- The company forecasts $40 billion in annual revenue from non-handset businesses.
- This expansion targets Qualcomm's dominance beyond mobile phone chips.
Qualcomm Inc. is set to significantly expand its market footprint beyond mobile phone chips. The company has projected substantial growth, forecasting annual sales exceeding $15 billion for its AI components in data centers by fiscal year 2029.
This strategic expansion into the booming data center AI market is a key initiative for Qualcomm. The company also anticipates achieving $40 billion in annual revenue from its businesses that do not include handsets. This diversification demonstrates Qualcomm's ambition to dominate new technological frontiers.
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