META · News · 20261030N

AI Chip Competition

Meta Platforms, Inc. · 2026-10-30 · Importance 18 · Surprise 24

Qualcomm is expanding into data-center AI accelerators, targeting inference workloads currently dominated by Nvidia. The report says Qualcomm has commercial relationships with Meta, Amazon, and HUMAIN, and is targeting more than $15 billion in data-center AI chip revenue by fiscal 2029. Its acquisition of Modular was intended to strengthen its software stack against Nvidia’s CUDA ecosystem.