Qualcomm releases Android chip built for AI as memory shortage weighs on smartphone market

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  "data": {
    "url": "https://www.cnbc.com/2026/09/22/qualcomm-releases-android-chip-built-for-ai-amid-memory-shortage.html",
    "title": "Qualcomm releases Android chip built for AI as memory shortage weighs on smartphone market",
    "excerpt": "In this article Qualcomm unveiled its newest Android phone chipsets, which will be tuned for on-device artificial intelligence and will compete with Apple's A20 Pro in iPhones. The new chips, under the Snapdragon 8 Elite Gen 6 brand name, will be built on Taiwan Semiconductor Manufacturing Co.'s 2-nanometer manufacturing process, and will be included in premium smartphones from companies including Motorola, Xiaomi and ZTE, Qualcomm said in a press release on Tuesday. Qualcomm is introducing two versions of the chip, one with extra capabilities and \"extreme\" branding. The launch comes as the broader smartphone industry is reeling from a worldwide contraction due to skyrocketing memory costs that have driven up the price of finished devices. The overall smartphone market is expected to shrink 14% in terms of units shipped in 2026, and potentially another 1% in 2027, according to Counterpoint Research . Smartphone companies have responded by focusing more on the premium tier of devices, which are targeted at consumers with more disposable income. Qualcomm is positioning phones running on its high-end chips as an \"AI hub\" able to process AI models and produce tokens without relying on the cloud. At a launch event earlier this month, Apple framed its iPhones as \"intelligent personal hubs\" that can do on-device AI processing. \"We're going into this transition from what is a very...",
    "summary": "Qualcomm's new Snapdragon 8 Elite Gen 6 chips will be built on Taiwan Semiconductor Manufacturing Co.'s 2-nanometer manufacturing process.",
    "planning": true,
    "image_url": "https://image.cnbcfm.com/api/v1/image/108366464-1790106895627-gettyimages-2279393456-042a6837_z1kl6pep.jpeg?v=1790106926&w=1920&h=1080",
    "confidence": 0.9,
    "published_at": "2026-09-22T20:30:17Z",
    "article_sentence": "The new chips, under the Snapdragon 8 Elite Gen 6 brand name, will be built on Taiwan Semiconductor Manufacturing Co.'s 2-nanometer manufacturing process, and will be included in premium smartphones from companies including Motorola, Xiaomi and ZTE, Qualcomm said in a press release on Tuesday.",
    "related_company_name": "Qualcomm",
    "related_company_domain": "qualcomm.com"
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