// AI news · 2026-11-05 · The Verge AI
Qualcomm bets on data centers amid smartphone decline
Qualcomm plans to expand its data center chip business through partnerships with Amazon and Meta, targeting $650 million in revenue for Q1 2027, rising to $5 billion by end of 2027 and $15 billion by 2029.
Published 2026-11-05 06:42 (Beijing time)Source The Verge AIAuto-summarised, fact-checked against source
01Summary
With 2026 total revenue at $10.4 billion, data centers are expected to account for about 30% of its business. The strategy responds to declining smartphone sales, reflecting strong market demand for AI infrastructure chips.
Summarised from the original article by an open-source model, then checked automatically: every number and English name must appear in the source. The original article is authoritative.
02Key points
- Qualcomm partners with Amazon and Meta to expand data center chip offerings.
- Projects $650M in Q1 2027 revenue, scaling to $5B by end-2027 and $15B by 2029.
- Data centers expected to represent 30% of total business by 2029.
- Strategy addresses declining smartphone sales and rising AI infrastructure demand.
03Source
Qualcomm is betting big on data centers as smartphone sales sink
The Verge AI · published 2026-11-05 06:42 Beijing time
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