Qualcomm won’t be a big datacenter player anytime soon

Qualcomm has predicted its entry to the datacenter market will yield $15 billion of annual revenue by FY 2029 – huge growth, but also a modest number compared to its more established rivals. The chip design firm dangled the $15 billion figure on Wednesday along with its Q3 results, which included a warning that revenue from its business selling modems to Apple is about to crater. Execs told investors that supply chain constraints mean Qualcomm expects “an acceleration in the step down of Apple p