Qualcomm Lands Meta CPU Deal, Unveils AI Data Center Platform
The chipmaker outlines its full AI infrastructure strategy, wins two hyperscale customers, and targets a $15 billion data center business by 2029.
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Qualcomm announced a major shift in its business strategy by securing a multigeneration processor deal with Meta and identifying two hyperscale customers expected to generate at least one billion dollars in revenue within a year. The chipmaker is positioning itself as a supplier of comprehensive AI infrastructure rather than focusing primarily on edge devices, with plans to reach more than fifteen billion dollars in annual data center revenue by fiscal 2029. Qualcomm outlined a portfolio spanning CPUs, AI accelerators, networking, and custom silicon, along with a new memory architecture called High-Bandwidth Compute designed to reduce bottlenecks during AI inference. The Meta agreement provides validation from a major hyperscale operator, making it easier for Qualcomm to pursue additional cloud customers and fund future product development.
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