Qualcomm said it will acquire Alphawave IP Group, a UK company, for $2.4 billion in a move that will give it assets to speed up its data center expansion.
Qualcomm fleshed out its Dragonwing platform as it launched a series of fixed wireless access building blocks designed to enable AI inference use cases as well as industrial applications.
Qualcomm said it has launched a new brand called Dragonwing as it expands its footprint more into enterprise and industrial use cases.
Qualcomm delivered fourth quarter revenue growth of 19% as it saw strength across its smartphone, auto and Internet of things units.
Qualcomm delivered strong fiscal third quarter results as it rode revenue growth from smartphones and automotive. The company also said it was bullish on the uptake for Snapdragon X Series Copilot PCs.
Qualcomm is betting that on-device generative AI processing and features will drive demand.
The company is betting that its mobile processor units will be a must have for AI use cases on edge computing and devices.
