Qualcomm May Be Working With OpenAI on a Phone, Analysts Says

Summary

Ed Ludlow reports on Qualcomm shares rising after an analyst suggested the chipmaker is working with OpenAI on a smartphone. The analyst's supply chain checks indicate Qualcomm and MediaTek are providing silicon for an OpenAI device. The report is thin on details but connects to OpenAI's earlier announcement about establishing a U.S. supply chain.

• Qualcomm shares rose on an analyst report about working with OpenAI.
• The analyst cited supply chain checks for the collaboration.
• OpenAI previously announced plans for a U.S. device supply chain in January.
• Qualcomm is the largest maker of smartphone processors.
• Details on the device remain sparse.