In TrendsStock MarketStocks to WatchLPG PriceflydubaiNifty OutlookGold and Silver Prices TodayOil PricesQualcomm targets $5 billion data centre revenue next year as Apple business shrinksQualcomm expects data centre revenue to jump sharply next year as it expands into CPUs, AI accelerators and custom chips while reducing its dependence on smartphones.By Ashmit Kumar October 1, 2026, 6:17:38 PM IST (Published)Qualcomm expects its data center business to generate about $5 billion in revenue next year (FY28), sharply up from $300 million this year, as the chipmaker expands into custom chips, CPUs, AI accelerators and connectivity.Speaking to CNBC-TV18, Akash Palkhiwala, CFO & COO, Qualcomm Inc, said the company sees a roughly $1 trillion total addressable market in data centers and has an aspiration to capture 5% of it, equivalent to $50 billion.“This market is expanding in a big way,” Palkhiwala said, adding that customers are looking for alternative suppliers with technology expertise and scale.Qualcomm's data center offering will span connectivity, custom chips, CPUs and AI accelerators. Palkhiwala said the sharp increase in the revenue target reflects the traction the company is seeing with customers.Qualcomm sees shift towards specialised AI computingQualcomm is seeking to build a position in an AI accelerator market dominated by Nvidia's…
Original source: https://www.cnbctv18.com/technology/
