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Qualcomm outlines $15B data-center revenue target by fiscal 2029 with AI infrastructure push
Qualcomm outlined a comprehensive data-center strategy targeting $15 billion in revenue by fiscal 2029, driven by AI accelerator deployment and CPU sales. The company announced multi-generational partnerships with Meta for data-center CPUs and support from Microsoft for its high-bandwidth compute technology. Qualcomm is moving from silicon to platforms and agentic AI applications.
- $15B data-center revenue target by fiscal 2029
- Meta partnership for multi-generational CPU supply
- Microsoft supporting Qualcomm's high-bandwidth compute technology
- Focus on inference efficiency: 'generating tokens at least power per token'