Qualcomm shares rose nearly 8% following reports that it is collaborating with OpenAI and MediaTek to develop a smartphone chip for a new AI-powered device. The device, co-designed and built by Chinese manufacturer Luxshare, is expected to enter mass production by 2028, with final specifications set by late 2026 or early 2027. This move follows OpenAI CEO Sam Altman's vision of AI "companions," though the new device may differ from traditional smartphones. Qualcomm will report its Q2 earnings soon amid supply challenges and a shifting smartphone market.
Qualcomm has been upgraded to a buy rating due to its strategic shift towards data centers and a growing automotive segment, which are expected to drive future revenue growth. The company aims to double its non-handset revenue to $40 billion by fisca...
A simple tap on a smartphone triggers a complex AI-driven process that spans from touch sensors to cloud computing, cybersecurity, automated warehouses, and last-mile delivery technologies. Key companies like Nvidia, Qualcomm, and Ambarella provide t...
The global industrial semiconductor market, valued at $98.35 billion in 2025, is projected to grow to $329.73 billion by 2035, with a CAGR of 12.86%. Growth is fueled by increasing adoption of AI-powered industrial automation, electric vehicles, smar...
