Qualcomm’s efforts to expand into new markets is running out of steam. A top executive leading the company’s early attempt at cracking the server market is leaving. Anand Chandrasekher announced his departure in a LinkedIn post a week after Bloomberg reported that the chipmaker was planning to get rid of the project.
The server market was likely too expensive for Qualcomm, whose main business is in low-power mobile chips. Building a complex server chip takes years. The sales cycle in the data center market is also a multi-year commitment. Qualcomm is currently paring down costs as the company faces some of the biggest difficulties it has ever faced, including lawsuits from government regulators and Apple.