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Qualcomm CEO expects non-handset revenue growth to exceed 60% in fiscal year 2027, and reaches a long-term data center CPU agreement with Meta.
Qualcomm CEO Cristiano Amon told investors that the company expects non-handset revenue growth to accelerate from 24% in fiscal year 2026 to over 60% in fiscal year 2027, primarily driven by AI chips. In addition, Qualcomm recently reached a long-term agreement with Meta Platforms for data center CPUs, which is considered a significant step forward in its AI chip strategy.
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