The major semiconductor and telecommunications company nearly doubled its fiscal 2029 non-handset revenue target.
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Qualcomm will accelerate its ambitious diversification strategy by raising its non-mobile revenue target to $40,000 million for fiscal year 2029, approximately double the previous target. At the heart of this strategy is strengthening the company’s presence within the growing data center market, where it will look for income above the $15 billion by 2029.