Pins matching tag:"Cristiano Amon"

At the Saudi-US Investment Forum in Riyadh, Qualcomm and Saudi Arabia's national AI company HUMAIN agreed to develop AI data centres and supply Qualcomm data-centre CPU and AI chips, with a Qualcomm chip design centre for the Kingdom.

Qualcomm's CEO took the COMPUTEX 2025 keynote stage in Taipei a year after Snapdragon X entered the PC market, citing 85+ Snapdragon X PCs launched or in development and joined by Microsoft, ASUS, HP and Lenovo executives.

Qualcomm reached a recommended deal to buy the London-listed connectivity chip designer Alphawave IP Group for $2.48 a share in cash, an implied enterprise value of about $2.4 billion, to speed its move into data centres.

Qualcomm's fiscal third quarter brought $10.37 billion of revenue, up 10%, and record automotive chip sales of $984 million, though the shares slid after hours.

Qualcomm's tenth Snapdragon Summit ran three days in Maui, where it launched the Snapdragon 8 Elite Gen 5 phone chip and the 5 GHz Snapdragon X2 Elite Extreme and X2 Elite PC processors, with Google's Rick Osterloh, Adobe's Shantanu Narayen and HUMAIN's Tareq Amin on stage.

Qualcomm closed fiscal 2025 with record QCT chip revenue and $44.3 billion in total sales, but a $5.7 billion non-cash tax charge tied to the One Big Beautiful Bill Act turned the quarter to a GAAP loss.

Qualcomm closed its takeover of Alphawave IP Group about a quarter ahead of schedule, for $2.3 billion in cash and stock, with Alphawave CEO Tony Pialis taking charge of Qualcomm's data-centre business.

Qualcomm posted record quarterly revenue of $12.25 billion, then guided below Wall Street as the industry-wide memory shortage squeezed handset makers; the shares fell as much as 10% after hours.

Qualcomm's board lifted the quarterly dividend from $0.89 to $0.92 a share and approved a new $20 billion stock repurchase authorization with no expiry date.

Qualcomm stockholders re-elected 11 directors, approved executive pay and a larger stock plan, and voted down proposals on calling special meetings and on China risk at the virtual 2026 annual meeting.

Qualcomm's $10.6 billion quarter and weak guidance first knocked the shares down 7% after hours, then Cristiano Amon said data-center chips would ship to a large hyperscaler this year and the stock jumped 16%.

Qualcomm's CEO gave the opening keynote of COMPUTEX 2026 in Taipei, declaring 2026 'the year of agents' and forecasting 40x growth in token demand by 2030, as partners showed new Snapdragon X2 PCs including the first X2 Elite desktop.

Qualcomm agreed to buy Modular, Chris Lattner's startup whose AI software runs models across CPUs, GPUs, NPUs and custom chips without rewrites, in an all-stock deal of up to 19.2 million shares valued at about $3.9 billion.

Qualcomm and Meta signed a multi-generation agreement making Qualcomm a data-centre CPU supplier to Meta, whose next-generation server fleet is to run Qualcomm's Dragonfly C1000, in production from the second half of 2028.

At its Investor Day in New York, Qualcomm raised its fiscal 2029 non-handset revenue target to $40 billion, about twice the old goal, with more than $15 billion from data centers.

At its 2026 Investor Day in New York, Qualcomm branded its data-center products Dragonfly and unveiled the 250-plus-core Dragonfly C1000 CPU, the AI300 accelerator and High Bandwidth Compute memory, with Meta signed up for the CPU; the stock jumped 15%.

Qualcomm's Snapdragon Summit 2026 ran 22-24 September in Maui under the theme 'Snapdragon for the Agentic Age', launching the 2 nm Snapdragon 8 Elite Extreme Gen 6 and 8 Elite Gen 6, Snapdragon Sound Elite Gen 2 and Linux support for Snapdragon X2 PCs.