$548 million from Alphabet to Qualcomm

It was reported that Google's parent company Alphabet invested a total of approximately $548 million in Qualcomm. According to the news by Android Headlines based on Reuters, the investment was made this quarter and aims to support Qualcomm's growth plan for artificial intelligence data centers.

It was not disclosed whether the investment was a share purchase or another form of financing. There was no statement from Qualcomm and Alphabet on the subject.

Qualcomm turns to data centers

Qualcomm, known for its phone processors, has recently been focusing on chips for artificial intelligence data centers. It is known that the company also cooperated with Amazon and Meta at the beginning of this year. With the balance sheet it announced this week, Qualcomm said that it expects a large part of its business to come from artificial intelligence data centers over time.

It is also reported that the company predicts approximately $15 billion in revenue on the data center side by 2029.

Artificial intelligence chip race is heating up

Demand for AI data centers creates a new growth area for chip and memory manufacturers. Memory manufacturers such as Samsung, Micron and SK Hynix have also made agreements with artificial intelligence data centers. Alphabet's investment is noteworthy as it strengthens Qualcomm's claim in this market.

Frequently asked questions

How much did Alphabet invest in Qualcomm?

Alphabet reportedly invested a total of approximately $548 million in Qualcomm this quarter.

Why was the investment made?

It is stated that the investment was made to support Qualcomm's chip work for artificial intelligence data centers.