Qualcomm's Internet of Things Sales Growth
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•Qualcomm says it expects $4 billion in PC chip sales by 2029, as company gets traction beyond smartphones
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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 .
CEO Cristiano Amon took over Qualcomm in 2021 with a promise to diversify the company away from a reliance on chips for smartphones.
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