Qualcomm Data Center AI Sales Projected to Exceed $15B in FY2029
2026-06-27 18:26

Woofun AI reports that Qualcomm CEO Cristiano Amon announced a strategic pivot from smartphone chips to diversified sectors, aiming to challenge NVIDIA's dominance in data center AI. The company unveiled new AI accelerators and CPUs, projecting data center AI component sales to surpass $15 billion in fiscal year 2029. Non-smartphone business revenue is forecast to reach $40 billion by 2029, doubling previous estimates. Qualcomm also finalized the $3.9 billion acquisition of AI software firm Modular to build a platform competing with NVIDIA's CUDA ecosystem, leveraging high-efficiency CPU advantages.

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Cristiano Amon
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