Alphabet Discloses New Qualcomm Stake of Nearly 3 Million Shares Worth About $548 Million in Third-Quarter Filing; SpaceX Holding Rises to About 555 Million Sha
Reuters reported on November 6 that Alphabet, Google's parent company, disclosed in a filing with the U.S. Securities and Exchange Commission that it built a new stake in longtime partner Qualcomm during the third quarter, holding nearly 3 million Qualcomm shares worth $547.9 million — nearly $548 million — as of September 30. Qualcomm shares rose about 3% in premarket trading after the disclosure.
Alphabet and Qualcomm have partnered for years: Qualcomm chips power virtually all major Android smartphones, the two companies recently collaborated on Google's premium Googlebook laptop line running on Qualcomm processors, and in 2024 they agreed to build chips and software for AI adoption in the automotive industry. The stake comes as Qualcomm ramps up its nascent data-center business in a push to become a major supplier to the AI infrastructure boom. Qualcomm expects its data-center chip revenue to reach $15 billion by 2029. In September, Qualcomm struck a deal with Amazon under which Amazon may buy up to $60 billion of its AI data-center chips and related products, with warrants issued for Amazon to purchase Qualcomm stock; Microsoft and Meta have also backed Qualcomm's push with orders for its data center processors.
In the same filing, Alphabet also reported a small increase in its position in Elon Musk's SpaceX, to about 555 million shares from 551.2 million earlier. Portfolio disclosure filings record changes in holdings without stating the reasons for them, and Alphabet made no accompanying disclosure of a commercial agreement in connection with the Qualcomm position.
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Source: Reuters
Published by GSM · USA (original Chinese edition)
Photo: 高通芯片特写（资料图）。（Wikimedia Commons／CC BY-SA 4.0）|A Qualcomm chip close-up (file photo). (Wikimedia Commons / CC BY-SA 4.0)
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