Qualcomm Plans $22 Billion Revenue Shift by 2029

Qualcomm is aggressively targeting the PC market, aiming to ship $4 billion worth of CPUs by 2029, challenging AMD's dominance in the gaming sector. CEO Cristiano Amon indicated that Qualcomm plans to diversify its revenue, projecting $22 billion annually from non-smartphone products, including a new Snapdragon chipset for entry-level laptops priced around $600. This strategy aims to capture market share from Apple in the ARM notebook segment, traditionally dominated by the tech giant's custom chipsets. Qualcomm's advancements in generative AI are also being integrated into their Snapdragon processors, promising a more personalized user experience. The company is shifting focus from smartphones to various sectors such as automotive technology, IoT, and AI, potentially reshaping the tech landscape. A significant challenge remains in convincing developers to create applications for the Snapdragon platform.