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Qualcomm announces $20 billion share buyback and timeline for data center entry.
Qualcomm announced a new $20 billion share buyback authorization beyond its existing program.
KEY POINTS
- 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
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