Qualcomm expands AI chip rivalry with Nvidia

Qualcomm plans to unveil its expansion strategies into the AI chip market for data centers, aiming to compete with NVIDIA and capitalize on the rapid growth in this sector. The company is expected to announce new clients and develop chips that include CPUs and inference accelerators, with projected revenues ranging from two billion to five billion dollars by 2027 and 2028. This move comes at a time when the company is facing challenges in the smartphone market and is working to strengthen its presence in the automotive and data center industries.

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