Qualcomm, a leading smartphone semiconductor company, has announced a pair of AI accelerator chips to be released in 2026 and 2027.
The move aims to establish Qualcomm as a major player in the AI economy, currently dominated by Nvidia and AMD.
Qualcomm wants everyone to know that it’s not chopped liver in the AI economy.
The announcement led to a significant increase in Qualcomm's shares, closing up 11% on Monday.
The demand for AI chips is expected to drive growth, with an estimated average lifespan of just two to three years.
Author's summary: Qualcomm enters AI chip market with new accelerator chips.