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Qualcomm said its forecast also takes into account the impact of macroeconomic headwinds, weaker global handset units and the fact that phone makers are using existing inventory rather than putting in fresh chip orders.
Artificial intelligence chips from Qualcomm Inc beat Nvidia Corp in two out of three measures of power efficiency in a new set of test data published on Wednesday, while a Taiwanese startup bested both in one category. Analysts believe that the market for data center inference chips will grow quickly as businesses put AI technologies into their products.
Qualcomm and Iridium announced that they will be offering satellite-based messaging for Android phones this year, on Thursday.
Qualcomm unveils Wi-Fi 7-capable chipsets with over 20 Gbps capacity
Global chip-maker Qualcomm has unveiled Wi-Fi 7-capable chipsets as a part of its new "Immersive Home Platform", which are built to support the latest high-speed broadband connections and an array of high-performance devices.