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The Centriq, seen here, was Qualcomm's effort to get into the data center. Photo: Qualcomm

Anand Chandrasekher, who had been leading Qualcomm's efforts to crack the server chip business, has left the company.

Why it matters: The move comes as Qualcomm appears poised to end its effort to challenge Intel in the data center. Bloomberg reported last week that Qualcomm was looking to sell or shutter the unit.

The backstory: Chandrasekher joined Qualcomm in 2012 from Intel to lead its marketing efforts, but was moved to the data center job after taking a shot at Apple, a large customer.

  • After a long development effort, Qualcomm started selling a server chip, known as the Centriq 2400, last year. The company has recently been paring back efforts not seen as core to its future.

A Qualcomm representative declined to comment on Chandrasekher's departure, the fate of the server chip unit or say who is now running that business.

Go deeper

47 mins ago - World

Blinken says he hasn't seen evidence Hamas was in AP building Israel struck

Smoke rises after sraeli forces destroyed building in Gaza City where Al-Jazeera and Associated Press had their offices. Photo: Mustafa Hassona/Anadolu Agency via Getty Images

U.S. Secretary of State Antony Blinken said Monday he had not seen evidence that Hamas was operating in a building that housed offices for Al Jazeera, the AP and other media in the Gaza Strip, as the Israeli government has claimed, AP reports.

Why it matters: Israel has said the presence of a Hamas military intelligence office justified an airstrike that destroyed the 12-story building on Saturday. Israeli Prime Minister Benjamin Netanyahu told CBS News' "Face the Nation" Sunday that Israeli intelligence had shared proof with the U.S.

AT&T spins off WarnerMedia, forming new media behemoth with Discovery

Illustration: Annelise Capossela/Axios

AT&T and Discovery have agreed to create a joint venture that would house WarnerMedia’s premium entertainment, sports and news assets with Discovery's nonfiction and international entertainment and sports businesses, the companies announced Monday.

Why it matters: It's a major course correction by AT&T. The deal essentially confirms shareholder fears that the company's $85 billion merger with Time Warner three years ago was not fully baked.

2 hours ago - Health

Child tax credits from COVID relief plan to begin arriving July 15

Biden arrives in the Rose Garden on May 13. Photo: Alex Wong/Getty Images

The expanded monthly child tax credit introduced in President Biden's $1.9 trillion COVID relief package will begin arriving in parents' bank accounts on July 15, the White House said Monday.

Why it matters: The credit, part of the administration's plan to transform the country's social safety net in the wake of the pandemic, would provide families with $300 monthly cash payments per child up to age 5 and $250 for children ages 6–17.