Qualcomm Reportedly Collaborates with OpenAI to Develop AI Chips for Phones, Stock Jumps 7%

TITLE: Qualcomm Reportedly Collaborates with OpenAI to Develop AI Chips for Phones, Stock Jumps 7% SUMMARY: Reports indicate Qualcomm will partner with OpenAI to jointly develop processor chips for mobile phones, supporting the AI company's hardware strategy. Qualcomm's stock rose on Monday following the news. Tianfeng International Securities analyst Ming-Chi Kuo stated on social media platform X that the US mobile chip giant will collaborate with Taiwanese semiconductor company MediaTek to develop custom chips for OpenAI, with Chinese manufacturer Luxshare Precision Industry participating in equipment joint design and assembly production. Kuo predicts mass production of this AI-powered mobile device is expected in