Reported 10 months ago
Qualcomm's CEO Cristiano Amon revealed that the company's expansion into new markets such as automotive and the Internet of Things could generate an additional $22 billion in annual revenue by 2029. This shift aims to decrease reliance on its smartphone business, which currently makes up about 75% of its revenue. Amon emphasized three focus areas: PCs, virtual reality, and industrial applications, and noted the potential impact of artificial intelligence on future growth.
Source: YAHOO