ChipsThe story, in brief
Qualcomm announces AI data center CPU, signs Meta as first major customer
Qualcomm just landed Meta. Now watch the chip wars shift from phones to data centers.
The KeyNews take
Why it matters
Qualcomm is making a major strategic pivot from smartphones to AI infrastructure with a new data center CPU, validated by Meta's adoption as anchor customer. This signals intensifying competition in the AI compute space beyond NVIDIA's traditional dominance.
The key facts
5 to knowQualcomm launches AI data center CPU
Meta is first major customer for new chip
Smartphones account for 2/3 of Qualcomm's product revenue (prior quarter)
Strategic shift from mobile-centric to data center infrastructure
Published June 24, 2026
Go to the source
CNBC Technologycnbc.com
Publisher excerpt: Qualcomm's primary business has been smartphones, which accounted for two-thirds of the company's product revenue in it's most recent quarter.