Qualcomm rolls out AI data center CPU, signs Meta as major customer

Qualcomm on Wednesday revealed a central processing unit for data centers called Dragonfly C1000 and said that Meta would use it when it starts production in 2028. The chipmaker said the new chip was built for agentic AI and focuses on offering computing performance without using too much power. The announcement was made at a Qualcomm presentation to investors, according to CNBC. Shares jumped 15 percent in extended trading on Wednesday after the company said non-handset revenue in fiscal 2029 will be 40 billion dollars, up from a prior forecast of 22 billion dollars. The company also said it is targeting 15 billion dollars in data center sales for that year and total adjusted earnings of over 18 dollars a share. Analysts polled