Over the past decade, Qualcomm has provided a significant $87 Bil back to its investors through tangible cash in the form of dividends and buybacks.

Amazon CEO Andy Jassy said earlier this year that the Washington-based company could shrink its workforce by embracing AI. The firm is part of a cohort of large-cap companies that have seen their AI-related productivity increase as the technology becomes mainstream.

Qualcomm had datacenter envy back when Intel ruled the bit barns of the world, and now it has it even worse now that Nvidia has shown how AI processing

Qualcomm is best-known for its chips used to power smartphones. It is one of the latest entrant into the AI chipmaking arena, joining Intel and AMD, to compete with Nvidia. Qualcomm is positioning itself as an energy efficient chip that will cost much less to run in the long term.

A former vice president of research and development at Qualcomm, who was convicted of scheming to defraud the San Diego tech giant out of $180 million, was sentenced Tuesday to four years in prison.

Qualcomm is evolving from a smartphone chipmaker to a comprehensive AI technology leader. The transition won’t happen overnight, but the strategy appears appealing and the timing is favorable.

Qualcomm, which is known for its chips in smartphones, also announced a deal with Humain, a Saudi-backed A.I. company. The news sent Qualcomm’s share price soaring.

Qualcomm has been notably left out of the AI party. A deal with Saudi Arabia seems to have gotten the chip maker a foot in the door. Qualcomm’s share price surged 11% Monday after the company announce

The Qualcomm Snapdragon 6s Gen 4-powered Android phones will offer significant improvements in gaming performance (up to 59%), unlocking 144 FPS gameplay at FHD+ resolution (up from 120 FPS).

Qualcomm has launched its AI200 and AI250 hardware offerings, targeting data center inferencing workloads. Based on the company’s Hexagon neural processing units (NPUs) and customized for data center AI workloads, the new chip-based accelerator cards and racks have been optimized for AI inferencing.

Shares in the semiconductor maker rise 20% as it launches AI chip to compete with Nvidia.