Illustration: AI
Alphabet, Google’s parent company, acquired a Qualcomm stake worth about $548 million in the third quarter of 2026 (the-tech.kz). The smartphone processor maker is expanding its business and counting on orders for data center and artificial intelligence chips.
What ties Google and Qualcomm together
The two companies have worked together for several years. Qualcomm supplies processors for Android smartphones, and the partners recently collaborated on premium Googlebook laptops built on its chips.
In 2024, the companies also agreed to jointly develop chips and software for using AI in cars.
What orders Qualcomm is counting on
Qualcomm is developing specialized processors for large cloud companies. By 2029, it expects to grow its data center chip revenue to $15 billion.
In September 2026, Qualcomm signed a deal with Amazon. It allows Amazon to buy AI chips and related products worth up to $60 billion. One important detail here: that is potential purchase volume, not revenue already received.
Microsoft and Meta also order Qualcomm processors for their data centers. raem.kz wrote about the financial results of these companies, Alphabet and Amazon in its review of quarterly reports.
How Qualcomm shares reacted
In premarket trading on November 6, Qualcomm shares rose 3%. The day before, they had lost more than 9% after quarterly results that came in below market expectations.
