Qualcomm Signs Meta Deal and Doubles Non-Handset Revenue Target to $40 Billion (opens in new tab)

Qualcomm signed Meta Platforms as its first data center customer at investor day, anchoring the Dragonfly C1000 chip and a $40 billion non-handset revenue target for 2029, nearly double its prior forecast. The chipmaker also acquired Modular for $3.92 billion to challenge Nvidia's CUDA lock on AI development.