Qualcomm releases its strategic goal for 2029: to achieve a revenue target of $22 billion in its automotive and Internet of Things businesses driven by AI.

Driven by the wave of artificial intelligence, chip giant Qualcomm announced its revenue target for its automotive and Internet of Things business: reaching a scale of $22 billion by 2029. Qualcomm CEO Cristiano Amon emphasized that the company is consolidating its leadership in the AI smartphone field through a diversified development strategy.