Qualcomm's AI Leap: New chips, meta partnership & the road ahead

Qualcomm unveiled its Dragonfly C1000 AI data center chip family, with Meta signing on as its first major hyperscaler customer for deployment from late 2028. The company targets around $5 billion in data center revenue by fiscal 2027, scaling to $15 billion annually by 2029, as it diversifies beyond smartphones into AI infrastructure. The move, supported by its acquisition of AI software startup Modular, intensifies competition with Nvidia, AMD, and Broadcom in the global AI chip market.