Rumors: According to sources familiar with its plans, Qualcomm Inc. is thinking of entering the server market with a new chip in an effort to lessen its dependency on smartphones, Bloomberg News reported on Thursday. Nearly 3% of Qualcomm’s shares increased during afternoon trading. According to the article, the chipmaker is adding for clients for a product resulting from its acquisition of Nuvia Inc. It also stated that Amazon.com Inc.’s cloud business, Amazon Web Services (AWS), has agreed to look into Qualcomm’s products.
Last year, the chipmaker acquired Nuvia, a chip startup founded by Apple Inc veterans, with plans to put the firm’s technology into its smartphone, laptop and automotive processors. Amazon confirmed that it has agreed to take a look at the offering, while Qualcomm said it does not comment on rumors and directed Reuters to its press release when it closed the Nuvia deal in March last year.