Tag: qualcomm
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Qualcomm strikes AI chip deal with Amazon, offers right to buy about $4 billion in stock
Sept 8 : Qualcomm on Tuesday reached a deal to develop custom chips with Amazon for AI data centers, giving it the right to acquire about $4 billion in shares in exchange for $60 billion in business with the chipmaker.As part of the deal, Qualcomm has granted Amazon a warrant that could allow it to…
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Qualcomm, Amazon strike $4 billion custom chip deal
Sept 8 : Qualcomm said on Tuesday it had issued a warrant to Amazon, giving it the right to buy an about $4 billion stake, as part of a collaboration to develop custom chips for AI data centers.Shares of the San Diego, California-based chipmaker rose more than 7 per cent in early trading. The stock…
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Qualcomm shares slide as higher costs, Apple-related weakness cloud profit forecast
July 30 : Qualcomm shares fell about 5 per cent in premarket trading on Thursday after the chipmaker’s warning about higher memory costs and a steeper decline in Apple revenue raised concerns about near-term profit growth.A surge in AI infrastructure spending has tightened semiconductor supply chains, driving
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Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate
July 29 : Qualcomm forecast fourth-quarter profit below Wall Street estimates on Wednesday, and said revenue from Apple products would decline faster than expected as supply constraints and rising costs weighed on its business.Shares of the San Diego, California-based company were down more than 3 per cent in
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Qualcomm wins BMW chip supply deal for future vehicle platforms
July 29 : Qualcomm said on Wednesday it has signed a long-term deal to supply chips for German luxury automaker BMW’s future digital cockpit and advanced driver-assistance systems through the next decade.The agreement comes as competition intensifies in the automated driving market, with Nvidia and Mobileye G
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Qualcomm tells customers of double-digit price increases, Bloomberg News reports
July 24 : Smartphone chipmaker Qualcomm told customers it would raise prices by a percentage in the double digits due to rising costs, Bloomberg News reported on Friday, citing a letter sent to clients.Here are some details:• Qualcomm sent the letter to customers on Friday, informing them that the pr
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Micron signs deals with Qualcomm, others for AI-powered automobile chip components
July 16 : Micron Technology on Thursday signed long-term agreements with automotive suppliers, including chip designer Qualcomm and audio products maker Harman, to secure memory and storage components that powers AI-enabled vehicles.The agreements come as the industry races to expand manufacturing capacity to
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Qualcomm forecasts $15 billion data center chip sales by 2029, shares soar
June 24 : Qualcomm said on Wednesday that Microsoft and Meta Platforms will use its new AI chips and that it will make custom chips for two other unnamed “hyperscalers.”The San Diego-based company, which is the industry leader in smartphone chips, held an investor presentation to showcase its move into suppl
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Qualcomm says Microsoft, Meta will use its new AI chips
June 24 : Qualcomm said on Wednesday that Microsoft and Meta Platforms will use its new AI chips and that it will make custom chips for two other unnamed “hyperscalers.”The San Diego-based company, which is the industry leader in smartphone chips, held an investor presentation to showcase its move into suppl
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Qualcomm bets on AI chips to break smartphone reliance, but faces crowded race
June 24 : Qualcomm is expected to use its investor day on Wednesday to lay out a push beyond its core smartphone business into the fast-growing, but highly competitive, market for AI data center chips.Analysts expect the San Diego-based company to name new customers for its AI chips as it tries to gain a foot
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