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Qualcomm jumps on report of OpenAI AI smartphone processor collaboration plans
Technology
Published on 29 April 2026
OpenAI reportedly picked Qualcomm and MediaTek for the chip
Qualcomm shares surged after reports claimed OpenAI is working with Qualcomm and MediaTek on an AI-focused smartphone device. The next phase points to mass production around 2028, suggesting a long runway for on-device AI computing. Despite broader AI ambitions across major tech firms, the plan reinforces smartphones as a key platform for the AI era.
- Qualcomm shares rise on an alleged OpenAI smartphone processor tie-up
- Report links OpenAI with Qualcomm and MediaTek for an AI device
- Mass production is expected around 2028
- Signals smartphones remain central to practical AI deployment
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times