Business
Qualcomm's phone chip sales fell 26% while autos jumped 89%. Now it's betting $5 billion on data centers
Qualcomm's fiscal Q4 revenue fell 8% to $10.32 billion as a memory shortage hit handset demand, but automotive revenue nearly doubled to $1.99 billion. Management now wants $5 billion of data center revenue in fiscal 2027, a business that does not yet appear as a line in its results.