{"id":2854,"date":"2026-06-24T19:09:38","date_gmt":"2026-06-24T19:09:38","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2854"},"modified":"2026-06-24T19:09:38","modified_gmt":"2026-06-24T19:09:38","slug":"qualcomm-bets-on-ai-chips-to-break-smartphone-reliance-but-faces-crowded-race","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2854","title":{"rendered":"Qualcomm bets on AI chips to break smartphone reliance, but faces crowded race"},"content":{"rendered":"<div>\n<div>\n<div>\n<ul>\n<li>Summary<\/li>\n<li>Companies<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<\/div>\n<div>June 24 (Reuters) &#8211; Qualcomm (QCOM.O)<svg><\/svg><span>, opens new tab<\/span> \u200bis expected to use its investor day on Wednesday to lay out \u200ca push beyond its core smartphone business into the fast-growing, but highly competitive, market for AI data center chips.<\/div>\n<div>Analysts expect the San Diego-based company to name new customers for its AI chips as it \u200btries to gain a foothold in a market dominated by Nvidia (NVDA.O)<svg><\/svg><span>, opens new tab<\/span>.<\/div>\n<div>The shift \u200breflects mounting pressure in the smartphone market, where Qualcomm is one of \u2060the world\u2019s largest chip suppliers to Android device makers.<\/div>\n<div>The sector has been squeezed \u200bby a memory chip shortage driven by surging demand for AI infrastructure, while major \u200bcustomers such as Apple (AAPL.O)<svg><\/svg><span>, opens new tab<\/span> and Samsung (005930.KS)<svg><\/svg><span>, opens new tab<\/span> are increasingly developing chips in-house.<\/div>\n<div>In response, Qualcomm has been expanding into automotive and data center sectors.<\/div>\n<div>The company, which has attempted to boost its data-center business multiple times, is \u200bre-entering a fast-growing, but hyper-competitive AI market full of large incumbents such as \u200bNvidia, the newly minted Cerebras (CBRS.O)<svg><\/svg><span>, opens new tab<\/span> and other custom chip options including Amazon&#8217;s (AMZN.O)<svg><\/svg><span>, opens new tab<\/span> Graviton and Google&#8217;s (GOOGL.O)<svg><\/svg><span>, opens new tab<\/span> Axion, \u200cBank \u2060of America analysts warned in a client note on Tuesday.<\/div>\n<div>Qualcomm said in April that it plans to begin shipping processors and other AI chips for data centers by year-end.<\/div>\n<div>It also said it was working with customers on three kinds of chips: central processing units, inference accelerators, \u200band custom application-specific integrated \u200bcircuits (ASICs), a segment \u2060that has been booming for rivals such as Broadcom (AVGO.O)<svg><\/svg><span>, opens new tab<\/span> and Marvell (MRVL.O)<svg><\/svg><span>, opens new tab<\/span>.<\/div>\n<div>AI inference \u2014 running trained AI models \u2014 has emerged as a \u200bkey battleground.<\/div>\n<div>BofA analysts said they expect modest revenue of roughly $2 billion to $5 \u200bbillion annually \u2060from Qualcomm&#8217;s data center push by fiscal 2027-2028.<\/div>\n<div>Investors will be watching for updated long-term financial targets at the event, including Qualcomm&#8217;s growth ambitions for its non-handset businesses.<\/div>\n<div>Attention is also likely \u2060to \u200bfocus on its $4 billion all-stock deal for AI software \u200bstartup Modular, announced earlier on Wednesday, which positions Qualcomm against Nvidia\u2019s proprietary CUDA software that has locked in millions \u200bof developers.<\/div>\n<\/div>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2852\">European countries work regulations in heat conditions<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2850\">Heatwave kills hundreds of thousands of poultry in France<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2847\">Brent hits lowest since before start of Iran war as more tankers exit Hormuz, easing supply<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Qualcomm \u200bis expected to use its investor day on Wednesday to lay out \u200ca push beyond its core smartphone business into the fast-growing, but highly competitive, market for AI data center chips.<\/p>\n","protected":false},"author":1,"featured_media":2853,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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