Qualcomm Shares Surge on Reported OpenAI Chip Deal
Qualcomm and MediaTek are reportedly partnering with OpenAI to develop AI-focused smartphone processors. Mass production of the new device is expected by 2028.
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Shares of QUALCOMM INC surged 13% in premarket trading following reports that the chip designer is collaborating with OpenAI and MEDIATEK INC to develop specialized processors for an artificial intelligence-focused smartphone. The project, which marks a significant expansion for the ChatGPT creator into hardware, is reportedly aiming for mass production by 2028.
