News
CAPACITY TEST:

Qualcomm Names Meta As First Dragonfly Data Center CPU Customer

Newsroom brief

Qualcomm said Meta will use its Dragonfly C1000 data center CPU when production starts in 2028, while the chipmaker raised its fiscal 2029 non-handset revenue projection to $40 billion.

Verified against source materialEdited by SendTech Times Chips & Compute Desk
Qualcomm Names Meta As First Dragonfly Data Center CPU Customer
Image source: Reuters / CNBC

Meta Gives Qualcomm A Data Center CPU Entry Point

Qualcomm is moving its data center ambitions from roadmap to named customer.

The chipmaker revealed the Dragonfly C1000 central processing unit for data centers and said Meta will use the CPU when production starts in 2028.

The announcement matters because Qualcomm is trying to expand beyond smartphones into infrastructure markets shaped by AI workloads.

CNBC reported that Qualcomm shares jumped 15% in extended trading after the company raised its fiscal 2029 non-handset revenue projection to $40 billion from a prior $22 billion forecast.

Qualcomm also told investors it is targeting $15 billion in data center sales for fiscal 2029.

The company said it is looking for total adjusted earnings of more than $18 a share, while analysts polled by LSEG had an EPS target of $15.26 for the same fiscal year.

Dragonfly C1000 Is Built For Agentic AI Workloads

The Dragonfly C1000 is Qualcomm’s CPU entry for data centers.

The company said the chip was built for agentic AI and focuses on computing performance without excessive power use.

That framing puts Qualcomm into a market where CPU efficiency can matter alongside GPUs and AI accelerators, especially as autonomous software agents create more general-purpose compute demand.

Qualcomm said it has a broader roadmap for data center products, including an AI chip and a product that links multiple chips together.

Chief executive Cristiano Amon said the company has been executing and collecting assets and now has a portfolio for the next phase of the data center.

Akash Palkhiwala, Qualcomm’s chief financial officer, said the company already has relationships with nearly every hyperscaler through smartphone chips and other existing products.

He said those relationships and Qualcomm’s edge work helped bring customers into data center discussions.

The CPU push also reflects a workload shift inside AI infrastructure.

CNBC reported that investor interest in CPUs is rising because experts expect central processors to handle more work from graphics processors and AI chips as autonomous agents run more tasks.

Palkhiwala said supply is not sufficient and that the CPU market needs multiple players.

Diversification Depends On More Than One Customer

The investor case is broader than Dragonfly C1000.

Smartphones accounted for two-thirds of Qualcomm’s product revenue in the quarter ended in March, and the company is seeking growth in cars, robots and data centers.

Qualcomm also said its automotive design-win pipeline expanded to $65 billion and set a $10 billion automotive revenue target by fiscal 2029.

Those targets make the Meta CPU plan a proof point rather than a complete data center business.

Qualcomm has a named customer and a production year for Dragonfly C1000, but the report does not include Meta deployment volumes, rack counts, contract value or power budgets.

Qualcomm’s near-term infrastructure story now rests on execution: Dragonfly C1000 must reach production in 2028, Meta must move from named customer to deployed workload, and the company must convert its $15 billion fiscal 2029 data center sales target into shipped systems rather than investor-day guidance.

Share this article
inXf

Related articles

More
Micron And Anthropic Put AI Memory Supply Inside Claude’s Compute Plan
Chips & Semiconductors

Micron And Anthropic Put AI Memory Supply Inside Claude’s Compute Plan

Micron and Anthropic signed a strategic agreement covering AI memory and storage architecture, supply, Claude adoption inside Micron and a Series H investment.

Nvidia's RTX Spark Turns AI PCs Into the Next Chip Battleground
Chips & Semiconductors

Nvidia's RTX Spark Turns AI PCs Into the Next Chip Battleground

Nvidia is entering the AI PC market with RTX Spark, a MediaTek-linked SoC that combines Blackwell GPU technology with a CPU on a single chip. The move shifts Nvidia's AI strategy closer to edge devices, where agentic AI could run locally instead of relying only on cloud infrastructure. Analysts cited in the source said the PC opportunity is still small compared with Nvidia's data center and networking businesses.

QIA Joins $380 Million Nearfield Round For AI Chip Metrology
Chips & Semiconductors

QIA Joins $380 Million Nearfield Round For AI Chip Metrology

Nearfield Instruments raised $380 million at a $1.6 billion valuation, with Qatar Investment Authority joining a semiconductor metrology round aimed at advanced AI chip manufacturing.

Intel Xeon 6+ Launch Puts CPU Supply on the AI Infrastructure Watchlist
Chips & Semiconductors

Intel Xeon 6+ Launch Puts CPU Supply on the AI Infrastructure Watchlist

Intel launched Xeon 6+ "Clearwater Forest" at Computex 2026 for scale-out data center workloads. The processor tops out at 288 Darkmont E-cores per socket, 576MB of L3 cache and compute tiles built on Intel 18A. The practical question is whether constrained CPU allocation becomes a larger bottleneck for agentic AI data center deployments.

Keep Reading

More Stories

Latest
UAE Central Bank Penalty Tightens AML Pressure On Foreign BanksFintech & Digital PaymentsJun 25, 2026UAE Central Bank Penalty Tightens AML Pressure On Foreign BanksThe UAE Central Bank fined a foreign bank branch Dh20 million and its compliance head Dh300,000 after finding significant, repeated AML/CFT failures, extending the country’s financial-sector enforcement push.AMD And Rackspace Set 30 MW AI Compute Plan For Regulated WorkloadsCloud & Data CentersJun 25, 2026AMD And Rackspace Set 30 MW AI Compute Plan For Regulated WorkloadsAMD and Rackspace Technology signed a definitive agreement for an initial 30 MW of AMD-based compute across Rackspace global data centers, with deployments planned from late 2026 through 2028.DEWA Puts AI And Reserves Behind Dubai Utility ReadinessEconomyJun 25, 2026DEWA Puts AI And Reserves Behind Dubai Utility ReadinessDEWA chief Saeed Mohammed Al Tayer said Dubai has about 18,000 megawatts of electricity capacity, expanding clean-energy capacity and AI-backed utility operations as the city prepares for growth and crisis continuity.First Street Puts Climate Risk Into Data Center Site SelectionCloud & Data CentersJun 25, 2026First Street Puts Climate Risk Into Data Center Site SelectionFirst Street says 79% of global data center capacity is exposed to significant acute climate hazards, adding flood, wind, wildfire, heat and water stress to AI infrastructure underwriting.Agility Robotics SPAC Deal Puts Digit Orders Under Public-Market ReviewAIJun 25, 2026Agility Robotics SPAC Deal Puts Digit Orders Under Public-Market ReviewAgility Robotics agreed to merge with Churchill Capital Corp XI at a $2.5 billion pre-money equity value, putting contracted Digit v5 orders and unresolved closing conditions in front of public investors.Circle And INFINIOS Put Stablecoin Rails Into Middle East PaymentsFintech & Digital PaymentsJun 25, 2026Circle And INFINIOS Put Stablecoin Rails Into Middle East PaymentsCircle and Bahrain-based INFINIOS signed an agreement to connect USDC, EURC and onchain payment APIs with payment, treasury and settlement tools for Middle East businesses and financial institutions.UK Microsoft Probe Turns AI Bundling Into A Software-Market TestPoliticsJun 24, 2026UK Microsoft Probe Turns AI Bundling Into A Software-Market TestThe UK Competition and Markets Authority has published submissions from Microsoft customers and rivals, putting Copilot bundling, cloud steering and licensing practices at the center of its software-ecosystem review.US Bill Would Make Large Data Centers Pay For Grid UpgradesCloud & Data CentersJun 24, 2026US Bill Would Make Large Data Centers Pay For Grid UpgradesThe Ratepayer Protection Act would push US data centers of 100MW or more to cover generation, transmission and connection costs, moving AI power demand into a federal ratepayer fight.Pinecone And Tiger Data Target AI Agent Costs In The Data LayerCloud & Data CentersJun 24, 2026Pinecone And Tiger Data Target AI Agent Costs In The Data LayerPinecone and Tiger Data are pitching data infrastructure as a way to control agentic AI costs, as IDC says 79 percent of organizations are already funding or running agentic AI work.MoEngage Buys Aampe To Move Marketing AI Into Customer-Level AgentsAIJun 24, 2026MoEngage Buys Aampe To Move Marketing AI Into Customer-Level AgentsMoEngage has acquired San Francisco-based Aampe in an all-cash deal, adding customer-level AI agents after a $280 million financing and recent multimillion-dollar Salesforce migration wins.Digi Power X Lands $19.6 Million Blackwell Capacity DealCloud & Data CentersJun 24, 2026Digi Power X Lands $19.6 Million Blackwell Capacity DealDigi Power X signed a $19.6 million, 24-month agreement with SubQ AI for bare metal Nvidia Blackwell GPU capacity, but did not identify which data center will host the deployment.JLL Roundtable Links AI Adoption To Finance DisciplineAIJun 24, 2026JLL Roundtable Links AI Adoption To Finance DisciplineFinance and business leaders at a JLL roundtable said AI is already changing customer service, coding, hiring and healthcare work, while putting pressure on teams to prove profitability and data quality.