Qualcomm says it expects $4 billion in PC chip sales by 2029, as company gets traction beyond smartphones
QCOMQualcomm(QCOM) CNBC·2024-11-20 05:49

Qualcomm said on Tuesday that it expects its so-called internet of things business to more than quadruple in sales by 2029 to around $22 billion.Of that amount, roughly $4 billion will come from PC chips, Qualcomm said at its investor day on Tuesday. The chipmaker just introduced PC processors earlier this year, when it released Snapdragon X for Windows devices.The latest forecast marks an important milestone for Qualcomm CEO Cristiano Amon, who took over the company in 2021 with a promise to get past a rel ...