Qualcomm Projects Billions From Data Center Chips by 2027

Qualcomm has stated that its data center chips will produce billions of dollars in revenue by 2027, according to Bloomberg Markets. The projection was reported as Bloomberg analyst Mandeep Singh previewed Micron earnings and discussed the broader technology environment for companies at the forefront of artificial intelligence.

Key Takeaways
Qualcomm says data center chips will produce billions in revenue by 2027
Bloomberg analyst Mandeep Singh compared chip companies' control of AI memory to oil companies' influence on energy prices
Singh said chip companies are unlikely to increase capacity as they bring in money
Commentary comes ahead of Micron earnings report

Table of Contents
Qualcomm's Data Center Revenue Projection
Analyst Commentary on Chip Capacity
Micron Earnings Context
What This Means

Qualcomm's Data Center Revenue Projection

According to Bloomberg Markets, Qualcomm has projected that its data center chips will produce billions of dollars in revenue by 2027. The statement signals the company's expansion into the data center market as artificial intelligence workloads drive demand for specialized processing capabilities.

The projection was reported on June 24, 2026, as part of Bloomberg's coverage of the semiconductor industry and upcoming Micron earnings.

Analyst Commentary on Chip Capacity

Bloomberg analyst Mandeep Singh provided analysis of the semiconductor landscape, drawing parallels between chip manufacturers and energy companies. Singh said he finds similarities between the hold oil companies have on energy prices with how chip companies have control of AI memory.

According to Singh, chip companies are unlikely to increase capacity as they bring in money. The analyst's commentary focused on companies at the forefront of AI that are forecasting massive earnings.

Micron Earnings Context

Singh's remarks came as he previewed Micron earnings and the larger tech environment. The commentary provides context for understanding semiconductor market dynamics as memory chip manufacturers report financial results.

The analysis suggests that capacity decisions by chip manufacturers may influence supply availability and pricing in AI memory markets.

What This Means

Qualcomm's projection indicates the company expects significant revenue contribution from data center chips within the next year. The billions-dollar target represents expansion beyond the company's traditional business areas.

Singh's comparison between chip companies and oil producers highlights questions about capacity expansion in the semiconductor industry. The analyst's view that chip manufacturers are unlikely to increase capacity substantially while maintaining strong revenue suggests potential implications for companies dependent on semiconductor supply.

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