Qualcomm up 7% on report it’s partnering with OpenAI on smartphone AI chip
Summary
Qualcomm is reportedly partnering with OpenAI and MediaTek to develop custom smartphone chips, with mass production expected in 2028. According to analyst Ming-Chi Kuo, OpenAI believes controlling both the operating system (the software that runs a device) and hardware will let it deliver comprehensive AI agent services (AI systems that can perform tasks autonomously) that use real-time smartphone data to improve performance.
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Original source: https://www.cnbc.com/2026/04/27/qualcomm-qcom-openai-smartphone-chip-partnership-stock.html
First tracked: April 27, 2026 at 02:00 PM
Classified by LLM (prompt v3) · confidence: 85%