Qualcomm projects $15B in data center chip sales by 2029

Qualcomm Projects Data Center Sales of $15 Billion by 2029

Qualcomm set an aggressive target at its investor day: $15B in annual data center chip revenue by 2029. That's larger than its entire automotive and IoT segments combined in fiscal 2025. The bet is on AI inference chips, pivoting from training to inference and competing with Nvidia and Broadcom. The post doesn't disclose current data center revenue, but the base is clearly small. Going from near-zero to $15B in five years is a tight timeline.

Why it matters: Qualcomm's first public data-center revenue target of $15B by 2029, starting from near-zero base and betting on AI inference against Nvidia and Broadcom. Bloomberg exclusive gives it sourcing authority. The catch: the article doesn't disclose current data-center revenue, so $1...