According to a statement made to CNBC following Google’s announcement, Qualcomm revealed that they will “continue to work closely with Google on existing and future products based on Snapdragon platforms.” We’re not sure what that means, but presumably it could refer to the company continuing to offer support for current Pixel devices that use their Snapdragon chipsets.
It could also mean that while Qualcomm may no longer work with Google on future Pixel phones, they could still work with Google on wearables. In any case, not much is known about the Tensor chipset at the moment and how it performs. Earlier rumors have suggested that the Tensor chipset might not be a beast of a chipset, but that won’t be the point.
The chipset is meant for Google to show off its AI capabilities, which will be powered by the chipset. In any case, the Pixel 6 and 6 Pro phones are expected to be announced in the near future so we should have more details then.