Qualcomm won’t be a big datacenter player anytime soon
But AI has come along just in time to cover being dumped by Apple
Qualcomm has predicted its entry to the datacenter market will yield $15 billion of annual revenue by FY 2029 – huge growth, but also a modest number compared to its more established rivals.
The chip design firm dangled the $15 billion figure on Wednesday along with its Q3 results, which included a warning that revenue from its business selling modems to Apple is about to crater.
Execs told investors that supply chain constraints mean Qualcomm expects “an acceleration in the step down of Apple product revenues” as its contribution to the next iPhone “is expected to be materially lower than our prior estimate of 20 percent.” Apple has spent years working on its own modems, a shift Qualcomm has long acknowledged. Now the House of the Snapdragon has advised investors to expect less than $2 billion...
Copyright of this story solely belongs to theregister.com. To see the full text click HERE
