semiconductor / news / / Barchart
Qualcomm (QCOM) stock inched up on April 27 following reports that the chipmaker has partnered with OpenAI to develop specialized processors for an artificial intelligence (AI) native smartphone.
Qualcomm is partnering with OpenAI to develop specialized AI processors for an AI-native smartphone.
KEY POINTS
- The Qualcomm-OpenAI device aims to replace traditional apps with on-device AI agents.
- Qualcomm could offset Apple modem revenue losses if the device reaches 350 million annual shipments by 2028.
- Qualcomm's management approved a $20 billion stock buyback, signaling confidence despite short-term earnings decline.
COMPANIES
Summarized by Newsio from Barchart. How we summarize →