Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate 
BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside 
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI 
SpaceX Shares Surge as Wall Street Backs AI Growth Potential 
J.P. Morgan Upgrades SanDisk, Sets $2,250 Price Target on AI NAND Growth 
SEC Clears Path for Data Center Securitizations as AI Financing Demand Surges 
Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook 
Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center 
Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push 
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy 
Samsung, SK Hynix Shares Surge on Report of Potential Temasek Investment 
Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan 
Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch 
Add as a preferred source on Google
Qualcomm officially announced its next-generation 5G mobile platform for premium Android smartphones. Many anticipated it to be named Snapdragon 875, but the chip maker surprised fans by slightly bending its tradition by branding the chipset as Snapdragon 888.
Qualcomm Snapdragon 888 name change has business implications, analysts suggest
As expected, Qualcomm’s upcoming mobile platform for the next premium Android smartphones was the star of the Snapdragon Tech Summit on Tuesday. However, the company had a small surprise after what many thought would be named Snapdragon 875 turned out to be Snapdragon 888.
The number 888 is believed to be a lucky number in Chinese tradition, but that might not be the only reason Qualcomm chose this new name. Experts believe Qualcomm may have also considered how this would affect their deals with their business partners, many of which are tech companies based in China.
Qualcomm shows logos of a whole bunch of partners developing phones with the Snapdragon 888 #SnapdragonSummit - all but two are Chinese. So that '888, lucky in China' thing is important! pic.twitter.com/qKMR3WSPtU
— Sascha Segan (@saschasegan) December 1, 2020
Analyst Sascha Segan pointed out that 12 out 14 smartphone makers that Qualcomm mentioned during the summit are Chinese companies. ABI Research’s Deborah Petrara told BBC, “It may point to Qualcomm extending an olive branch to those in the industry caught up in the ongoing China-US trade war.”
Snapdragon 888 amends Snapdragon 865 letdown
Many were a little frustrated when Qualcomm announced Snapdragon 865 last year without a built-in 5G modem at a time when all smartphone manufacturers have been launching their first 5G-enabled smartphones. But that only makes the launch of Snapdragon 888 even more important as the chipmaker confirmed it will ship with the Qualcomm X60 modem. This means devices with the chipset will support a 5G mmWave network.
What Android smartphones would be powered by Qualcomm Snapdragon 888?
Qualcomm gave a shout-out to the companies that they confirmed are already developing next-gen smartphones powered by the Snapdragon 888. The current list includes ASUS, Black Shark, Lenovo, LG, Meizu, Motorola, Nubia, Realme, OnePlus, Oppo, Sharp, Vivo, Xiaomi, and ZTE.
Are you excited for our latest flagship #Mi11 powered by the most powerful @Qualcomm chipset to date? Stay tuned! #InnovationForEveryone pic.twitter.com/MUFc251Dkw
— Xiaomi (@Xiaomi) December 1, 2020
Xiaomi has already confirmed that its next flagship, the Xiaomi Mi 11, is slated to be the first-ever smartphone to launch with Snapdragon 888. Xiaomi has already teased a “world debut” for the upcoming device but left out other information and only told its fans to “stay tuned.” However, it has been reported that the Mi 11 could be launched as soon as January 2021. Note that the Mi 9 and Mi 10 series were both announced in February in 2019 and 2020, respectively.
