Qualcomm Lost Apple’s Modem Business. Amazon Just Offered a $60 Billion Escape Route. - Yahoo Finance

In September 2026, Qualcomm faced a major business setback as Apple decided to adopt in-house modem chips, cutting Qualcomm's Apple-related revenue by approximately 50% quarter-over-quarter. This deve... Read original →

Apple's decision to abandon Qualcomm's modem business marks a pivotal shift in chip self-reliance, reshaping the global semiconductor supply chain. This move severely impacts Qualcomm’s revenue, pushing it to pivot toward AI data center infrastructure with Amazon. The company’s new focus on inference chips, optical connectivity, and custom CPUs aims to differentiate from NVIDIA, but faces steep technical and capital hurdles. From a compliance perspective, escalating U.S.-China tech tensions raise supply chain risks and force strategic realignment. Competitors like Broadcom, Marvell, and AMD may accelerate their own data center chip strategies. Whether Qualcomm achieves its $5 billion data center target by 2027 will determine its relevance in the next tech cycle. This transition reflects broader shifts in global tech power dynamics and industry consolidation.