Qualcomm Showed Up Late to the Data Center Game, but Came Ready to Play

Yahoo Finance ·

Qualcomm Showed Up Late to the Data Center Game, but Came Ready to Play Adam Levine Sun, June 28, 2026 at 3:00 AM EDT 3 min read QCOM MBG.DE DELL META Qualcomm aims to diversify beyond smartphones, targeting non-smartphone chips to be one-third of sales by 2029.

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Qualcomm joined the data-center market late but has launched an offensive by setting a target to raise the share of non-smartphone chips to one-third of sales by 2029. The strategy aims to shift the business portfolio away from smartphone dependence toward higher-value areas such as servers, AI inference, and edge computing. Securing OEM and hyperscale customers like DELL and META is critical; if successful, it would boost demand for ARM-based servers and design investment, and apply price and power-efficiency pressure on incumbent suppliers. In the near term, risks include performance validation and securing ecosystem and software compatibility.

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