Qualcomm CEO says company is in advanced talks with a data center customer on custom silicon

Qualcomm said it is in advanced negotiations with a data center customer to supply custom silicon, a deal that could mark a significant expansion of the chipmaker's data center business beyond its core mobile processor franchise. The company did not disclose the customer's identity or the deal's value, but management framed the potential agreement as a way to lift revenue and market share through 2029. The talks signal growing demand for bespoke accelerators as hyperscalers and cloud operators seek alternatives to off-the-shelf chips. Investors will watch for a signed contract, customer disclosure and any update to Qualcomm's data center revenue targets.