Qualcomm

Business Context

• Unveiled AI200 and AI250 data center inference chips in October 2025, available 2026 and 2027 respectively, designed to improve memory capacity and accelerate AI workloads.
• Saudi Arabia's Humain plans to deploy 200 MW of the new chips starting in 2026.
• Operates under a fabless manufacturing model; Snapdragon processors widely used in smartphones and smart devices by multiple manufacturers.
• Multi-billion dollar manufacturing agreement with GlobalFoundries through 2028 covers U.S., Germany, Singapore, and France facilities, with capacity expansion at Malta, New York plant.

Commitments

• Net-zero global emissions for Scopes 1, 2, and 3 by 2040.
• Corporate GHG reduction targets approved by SBTi in 2023 under Business Ambition for 1.5°C.
• Reduce absolute Scope 1 and 2 GHG emissions 50% from 2020 baseline by 2030; reduce absolute Scope 3 emissions 25% from 2020 baseline by 2030.
• Achieved 100% renewable electricity for global operations in 2023.

Energy Strategy

A modest procurement program anchored by a single large-scale U.S. PPA and recent European expansion, with 100% renewable electricity achieved in 2023 primarily through the San Diego headquarters deal and renewable energy certificates.

• The 2019 Shell Energy 10-year renewable PPA (38 MW) for San Diego headquarters reduced emissions by 25,785 tCO2e, representing 10% of total Scope 1 and 2 emissions.
• In March 2025, signed a long-term solar PPA with Recurrent Energy in Spain supplying ~50,000 MWh/year, avoiding ~8,000 tonnes CO2 annually for European operations.
• A solar PPA in Bangalore, India (operational since 2018) contributes 15,284 tCO2e reductions (17,855 MWh) annually.
• Decommissioned the first of three electricity cogeneration plants at San Diego site in fiscal 2023, entering a long-term PPA to replace cogenerated electricity with renewable purchases.
• Portfolio remains concentrated in solar PPAs and virtual procurement; no tracked investments in nuclear, wind, or on-site generation at scale despite aggressive data center chip expansion plans.