How Qualcomm is evolving to grab a piece of the AI data center explosion

Qualcomm (QCOM) made its mark as a smartphone chip designer. But smartphone growth has slowed, and after losing Apple (AAPL) as a key customer, the company began searching for a way to move beyond the handset market.

At its investor day on Wednesday, Qualcomm demonstrated how it plans to do that, revealing a line of data center components and servers and announcing it is nearly doubling its fiscal 2029 non-handset revenue projections to $40 billion.

The company initially began its push to reduce its dependence on smartphone revenue by turning toward edge devices — products including laptops, smart glasses, and self-driving vehicle technologies. Now it's looking beyond that to grab a piece of the AI data center explosion.

"We used to be a smartphone company, now we're an edge device company, and the next phase of Qualcomm is getting into rack scale infrastructure, and this is the proof that we're doing that in real time," Qualcomm CFO Akash Palkiwala told Yahoo Finance on the sidelines of the company's investor day event in New York City.

What data center products is Qualcomm offering?

Why did Qualcomm need to reduce smartphone dependence?

What are Qualcomm's new data center r

Fuente original: Yahoo Finance (https://finance.yahoo.com/technology/article/how-qualcomm-is-evolving-to-grab-a-piece-of-the-ai-data-center-explosion-200314570.html)