Qualcomm CEO Cristiano Amon: Building comprehensive solution for data centers

Summary

Qualcomm CEO Cristiano Amon discusses the company's diversification into data centers, highlighting the acquisition of Modular for a full-stack software solution and new customer wins with Meta, Microsoft, and two undisclosed hyperscalers. He emphasizes inference at scale, lower total cost of ownership, and an open alternative to NVIDIA's CUDA, likening the opportunity to an 'Android moment.' Revenue from the data center business is being pulled forward, now expected to start in fiscal 2026.

• Qualcomm acquires Modular to build an open, full-stack data center software solution.
• CEO positions the move as an alternative to NVIDIA's proprietary CUDA ecosystem.
• Announces customer engagements: Meta for CPUs, Microsoft for high-bandwidth compute.
• Two additional major hyperscaler ASIC customers: one in the U.S., one in China.
• Data center revenue expectations pulled forward from fiscal 2028 to fiscal 2026.
• Overall thesis: Qualcomm transforming from a smartphone chip company into a diversified edge and data center leader.