# OpenAI is working with Qualcomm and MediaTek to develop processors for an AI agent smartphone.

*semiconductor · news · 2026-04-29 · Barchart*

## Key points

- OpenAI is partnering with Qualcomm and MediaTek to develop processors for an AI agent smartphone.
- The AI agent smartphone, with no apps, could enter mass production as early as 2028.
- Qualcomm's handset business is expected by JPMorgan to fall 22% in 2026, worse than consensus.
- DRAM suppliers are prioritizing high-bandwidth memory for AI data centers, worsening smartphone memory shortages.
- Qualcomm is trading at a forward P/E of 17.69, below the semiconductor sector median.

**Companies:** Apple, Qualcomm
**Countries:** United States

[Read the full story on Barchart](https://www.barchart.com/story/news/1597905/your-smartphone-could-soon-be-an-ai-agent-and-qualcomm-stock-is-positioned-to-profit-big)

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