Google Tensor Chip Announcement Shakes Qualcomm's Position in the Eyes of Investors

While the Android smartphone market has long been dominated by Qualcomm's Snapdragon chipsets, Google's own mobile platform, Tensor, could upset the balance, even if other competitors like MediaTek are ignored. The news of the Google Tensor chipset has an immediate impact on Qualcomm's share price, although the company continues to make plans for further collaboration on the Pixel series.

Google Tensor Chip Announcement Shakes Qualcomm's Position in the Eyes of Investors

After Google's announcement of the Tensor platform, Qualcomm's stock fell within minutes. Although the price dropped by only $ 4, from $ 153 to $ 149, the reason for what happened was quite obvious.

However, Qualcomm quickly reacted to the situation by issuing a short statement to reporters. The company said it will “continue to work with Google” on current and future Snapdragon-powered products. Given the context, we can assume that we were talking about Google Pixel smartphones.

Probably, we are talking about the Pixel 5a smartphones, the release of which is expected before the end of this month. It was previously reported that the series models will use the same Snapdragon 765G chipset found in the Pixel 4a 5G and Pixel 5.

Given that Google has announced Tensor's claims to a leading position in the market, it is not yet known whether smartphones of the "younger" A-series will continue to use Qualcomm's solutions or the company will completely switch to its own platform. One way or another, both developers have agreed to confirm at least a long-term cooperation in the release of updates for already released Google devices on Snapdragon single-chip systems.

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