Qualcomm executive denies reports that it will abandon its data center business

Business Insider | 6/13/2018 | Reuters
urbanagirl3 (Posted by) Level 3
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Qualcomm, the largest mobile phone chip-maker, has no plans to abandon the data center processors unit it launched last year, according to the company's president.

This new push put it in direct competition with Intel Corp, an industry behemoth that draws half of its revenue from "data centric" chips; Bloomberg recently reported Qualcomm was evaluating its decision to get into data chips.

President - Server - Chip - Unit - Unit

"We are not selling. We are still focused on it," the president said, explaining that the server chip unit will be rolled into the unit that designs and sells chips for mobile phones for cost efficiency.

The company declined to say whether it had considered doing so in the past.

Qualcomm - Inc - Plans - Efforts - Processors

Qualcomm Inc has no plans to abandon its efforts to create processors for data centers, the company's president, who oversees the chip division, said.

Qualcomm, the largest maker of chips in mobile phones, last year launched chips that use technology from Softbank Group Corp's ARM Holdings to power the workhorse computer servers behind cloud-based services such as social networks.

Qualcomm - Push - Data - Center - Market

Qualcomm's push to enter the data center market puts it in direct competition with Intel Corp, which dominates data centers and now draws half of its revenue from servers and other "data centric" chips.

But in May, Bloomberg reported that Qualcomm was exploring whether to sell or shut down the server chip unit.

Qualcomm - President - Cristiano - Amon - Reuters

Qualcomm President Cristiano Amon told Reuters on Monday that the chipmaker is making staff reductions in the unit but intends to keep operating it, albeit with a narrower...
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