Qualcomm's ninth annual Snapdragon Summit arrives September 22-24 in Maui, Hawaii, where the company is expected to debut its first 2nm mobile processors built with custom Oryon CPU cores. The timing is telling. Just days before confirming the Summit dates, Qualcomm shares jumped 15% after CEO Cristiano Amon told investors the chipmaker nearly doubled its 2029 non-handset revenue forecast to $40 billion, up from $22 billion.
The company also unveiled a data center CPU called Dragonfly C1000 and signed Meta as a customer for 2028 production. The Summit itself remains a phone-chip launch event at its core. Qualcomm is expected to unveil the Snapdragon 8 Elite Gen 6 (SM8950) and the higher-tier Snapdragon 8 Elite Gen 6 Pro (SM8975), both built on TSMC's 2nm process with a fresh Oryon CPU design.
Chinese leaker Digital Chat Station reports the Pro model will use a 2+3+3 Oryon CPU architecture with shared 16MB L2 cache, an Adreno 850 GPU with 18MB GMEM, and support for LPDDR6 RAM. The standard 8 Elite Gen 6 is said to use a similar CPU layout but pairs it with an Adreno 845 GPU, 12MB GMEM, and LPDDR5X memory.
Both variants reportedly support UFS 5.0 storage.
Phones powered by the new chips should arrive quickly. The Xiaomi 18 series is expected by the end of September, positioning it directly against the Apple iPhone 18 Pro series due in early September. The iQOO 16, HONOR Magic9, and OnePlus 16 are also tipped to use the platform.
Qualcomm's Maui event historically focuses on mobile silicon, but this year's Summit arrives as the company aggressively pushes beyond smartphones. CFO Akash Palkhiwala said Qualcomm already has business with "nearly every hyperscaler" through its existing mobile chips and other products, giving it a built-in data center customer base.
"We feel that we have a portfolio to enter the next phase of the data center," Amon said at Qualcomm's investor presentation.
