Qualcomm and Amazon announced a multi-generational collaboration to develop customized silicon for AI inference workloads inside AWS data centers. CFO and COO Akash Palkhiwala presented the deal as a key catalyst for the company’s financial trajectory, with significant revenue growth expected in fiscal years 2027 and 2028. Qualcomm granted Amazon warrants for up to 25 million shares at $161.26 each, potentially worth approximately $4 billion, with tranches tied to $60 billion in purchases. The collaboration extends to high-speed optical connectivity solutions capable of reaching 1.6 terabits per second. The company targets $5 billion in data center revenue in fiscal 2027, scaling to $15 billion by fiscal 2029, with an overall goal of $40 billion in non-handset revenue by 2029.
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