Qualcomm Secures Key AR Chip Deals with Meta, Snap, Samsung
QCOM sits 55% above its 52-week low of $121.99.
Summary
Qualcomm announced it will supply chips and components for smartglasses to major players including Meta, Snap, and Samsung. This positions Qualcomm as a key enabler in the evolving augmented reality (AR) eyewear market. The news also reiterates the previously announced deal to supply Dragonfly C1000 data center CPUs to Meta, targeting H2 2028 production. Securing these AR design wins with prominent customers is a significant step in Qualcomm's diversification strategy beyond its core smartphone business.
At the time of this announcement, QCOM was trading at $188.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $199.6B. The 52-week trading range was $121.99 to $259.92. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.