Qualcomm is betting big on data centers as smartphone sales sink
Summary
Facing declining smartphone sales, Qualcomm is shifting its business focus toward data centers to support its revenue. The company detailed its strategy during a recent earnings call, highlighting artificial intelligence partnerships with major technology firms like Amazon and Meta.
With smartphone sales tanking by around 20 percent compared to 2025, Qualcomm is looking to data centers to help boost its bottom line. During its Q4 2026 earnings call, the company laid out its plans to make a splash in the AI data center business, through partnerships with companies like Amazon and Meta announced earlier this year. The company expects…
Source: Read the full story at The Verge
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