# Qualcomm stock was trading 16% higher at $180.97 around 12:15 pm ET on Thursday.

*semiconductor · news · 2026-04-30 · Markets Insider*

## Key points

- Qualcomm announced a custom silicon chip partnership with an unnamed leading hyperscaler customer.
- Initial shipments for the custom silicon engagement will begin later this calendar year.
- Qualcomm executives described the deal as a multi-generation engagement, but withheld the customer's identity.
- Qualcomm reported its China smartphone chip segment should bottom out next quarter and return to growth.

**Companies:** Qualcomm
**Countries:** United States

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/qualcomm-earnings-qcom-stock-chip-deal-hyperscaler-ai-datacenter-2026-4)

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