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Qualcomm Projects Data Center Chip Sales of $15 Billion by 2029

Qualcomm Projects Data Center Chip Sales of $15 Billion by 2029
Bloomberg Technology Wednesday 24 June 2026, 20:54 UTC By Ian King 1 min read
Key Points

Qualcomm Projects Data Center Chip 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. The company projected annual revenue of $40 billion for its businesses other than handsets by 2029, which doubles a previous long-range forecast from two years ago. The outlook includes $10 billion in sales from chips for the automotive industry.

Qualcomm Projects Data Center Chip 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. The company projected annual revenue of $40 billion for its businesses other than handsets by 2029, which doubles a previous long-range forecast from two years ago. The outlook includes $10 billion in sales from chips for the automotive industry. [Image text:] 2mW The Qualcomm advantage
Qualcomm Projects Data Center Chip Sales (ORG) 2029 Qualcomm Inc. (ORG) AI (ORG)
Originally published by Bloomberg Technology Read original →

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