Qualcomm forecasts non-smartphone chip sales to double by 2029, reaching $22 billion annually.

Qualcomm, a major chipmaker, predicts its non-smartphone chip sales will more than double over the next five years, reaching $22 billion annually by 2029. The company aims to achieve this growth by expanding into new markets like automotive, PC, and IoT devices. CEO Cristiano Amon's strategy involves diversifying Qualcomm's revenue sources to reduce dependence on smartphone chips. By 2029, Qualcomm expects to generate $8 billion from automotive, $4 billion from PCs, $2 billion from XR devices, and $4 billion from industrial and IoT chips.

November 19, 2024
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