AI news story
Qualcomm Projects Data Center Sales of $15 Billion by 2029
Qualcomm Inc., trying to expand its dominance from mobile phone chips, forecast sales of more than $15 billion a year by fiscal 2029 in the booming market for AI components in data centers.
Editor's take
Qualcomm anticipates its data center chip revenue will exceed $15 billion annually by fiscal 2029, signaling a significant push beyond its mobile stronghold.
This projection underscores the intense competition emerging in the AI hardware sector, traditionally dominated by NVIDIA. Qualcomm's strategy leverages its established expertise in efficient processing and connectivity, aiming to carve out a substantial share in a market fueled by demand for specialized AI accelerators. The expansion affects cloud providers and enterprise AI developers seeking diverse silicon options beyond current market leaders.
Future developments to monitor include Qualcomm's ability to displace incumbent solutions in high-performance computing workloads and its progress in securing design wins with major hyperscalers. Success hinges on delivering competitive performance and power efficiency against established players like NVIDIA's Hopper architecture and AMD's Instinct accelerators.
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Original reporting
This story summarises reporting published by Bloomberg. Read the original article at Bloomberg.