Qualcomm's investor day on June 24, 2026 featured two major announcements: a $15 billion revenue target for data center...

Qualcomm's investor day on June 24, 2026 featured two major announcements: a $15 billion revenue target for data center chips by 2029, and the acquisition of AI infrastructure startup Modular for ~$4 billion (Bloomberg, CNBC). The Modular acquisition bolsters Qualcomm's software stack for AI inference, addressing rising token costs and improving developer efficiency. According to CEO Cristiano Amon, the deal positions Qualcomm as a horizontal platform across diverse compute environments. Separately, a proposal by Qualcomm engineer Hans de Goede to improve Linux support via a DeviceTree-ACPI hybrid mode signals continued investment in the Snapdragon laptop ecosystem (Phoronix). Together, these moves underscore Qualcomm's aggressive push into data center AI and PC markets, challenging incumbents like Nvidia and AMD. The revenue guidance implies ship share gains, while the acquisition accelerates software maturity. Spillover: ARM (architecture license), TSM (manufacturing), NVDA/AMD/INTC (competitors) face increased competition.