Qualcomm targets $5 billion data centre revenue next year
In short
Qualcomm says it wants data centre revenue to reach $5 billion next year, according to a publisher summary. It plans to grow by selling CPUs, AI accelerators and custom chips while depending less on smartphones.
This matters because it shows Qualcomm shifting toward faster-growing chip markets. The reporting does not say how much revenue it has now or how quickly the Apple business is shrinking.
What the reporting says
Qualcomm expects data centre revenue to jump sharply next year as it expands into CPUs, AI accelerators and custom chips, according to a publisher summary. The company is also reducing reliance on smartphones as Apple business shrinks. The reporting does not give the exact current data centre revenue or confirm when the target will be reached beyond next year.
Why it matters
Qualcomm is targeting $5 billion in data centre revenue next year as it expands into CPUs, AI accelerators and custom chips, while reducing dependence on smartphones. The reporting links the shift to a changing business mix, including a shrinking Apple business. The immediate market relevance is to semiconductor investors and data-centre customers, but the source does not provide current revenue or execution details.