Qualcomm (QCOM), Meta (META) Announce Multi-Generation Data Center CPU Supply Agreement

Meta Platforms Inc. (NASDAQ:META) is one of the best NASDAQ stocks to invest in for long term. On June 24, Qualcomm and Meta announced a strategic, multi-generation agreement for Qualcomm to supply data center CPUs for Meta’s server infrastructure. The partnership will feature the debut of the Qualcomm Dragonfly C1000 CPU, which is scheduled to enter production in H2 2028.

This collaboration aims to deliver high-performance, power-efficient computing to support Meta’s rapidly expanding compute footprint. By utilizing Qualcomm’s expertise in system-level optimization, the companies intend to improve performance-per-watt and reduce total cost of ownership across Meta Platforms Inc.’s (NASDAQ:META) large-scale data center environments.

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Both CEOs highlighted the significance of the deal, noting that it builds upon their existing partnership to scale infrastructure for future AI initiatives. The agreement underscores a long-term commitment to developing the compute power necessary to deliver advanced, global-scale AI capabilities.

Meta Platforms Inc. (NASDAQ:META) develops products that allow people to share and connect with their family and friends using PCs, mobile devices, VR headsets, and AI glasses. Some of its apps include Facebook, Instagram, and WhatsApp. It operates in the Reality Labs and Family of Apps segments.

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