# Qualcomm announces $20 billion share buyback and timeline for data center entry.

*semiconductor · news · 2026-04-29 · SiliconANGLE News*

## Key points

- Qualcomm announced a new $20 billion share buyback authorization beyond its existing program.
- Qualcomm will begin initial data center custom silicon shipments to a leading hyperscaler later this year.
- Automotive chip revenue grew 38% year-over-year to a record $1.33 billion this quarter.
- Handset revenue from Chinese customers is expected to bottom in Q3 and grow sequentially after.

**Companies:** Qualcomm Inc.

[Read the full story on SiliconANGLE News](https://siliconangle.com/2026/04/29/qualcomm-shares-surge-q2-beat-20b-buyback-data-center-timeline/)

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