Google Invests $548 Million in AI Chipmaker Qualcomm
The company plans to develop chips for data centers and AI infrastructure.
Alphabet, the parent company of Google, acquired a stake in Qualcomm worth approximately $548 million in the third quarter of 2026. The semiconductor manufacturer expects to expand its business related to processors for data centers and artificial intelligence infrastructure.
The companies have collaborated for several years. Qualcomm supplies processors for Android smartphones and recently participated in creating a new line of premium Googlebook laptops powered by its chips. In 2024, the parties also agreed to jointly develop chips and software for AI applications in the automotive industry.
Qualcomm is currently strengthening its AI infrastructure segment and developing specialized processors for major cloud providers. The company anticipates that revenue from data center chip sales will reach $15 billion by 2029.
In September 2026, Qualcomm entered into an agreement with Amazon. Under its terms, the tech company can purchase AI chips and related products from Qualcomm for up to $60 billion. Microsoft and Meta also order Qualcomm processors for their data centers and support the development of this segment.
During pre-market trading on November 6, Qualcomm shares rose by 3%. The day before, the stock had dropped by over 9% following the release of its September quarter results, which fell short of market expectations.
Additionally, Alphabet slightly increased its stake in Elon Musk’s SpaceX—from approximately 551.2 million to 555 million shares.
