### Qualcomm's Growth Strategy: $22 Billion Revenue Target by 2029

Qualcomm aims to generate $22 billion in new revenue by 2029, diversifying beyond mobile markets.

### Qualcomm's Growth Strategy and Market Dynamics in Technology
* 📈 Qualcomm is aiming for **$22 billion in additional revenue** by 2029, with **$4 billion projected from the Internet of Things (IoT) sector**, showcasing their **expansion beyond mobile technology**.
* 🚗 The company is focusing on automotive markets, recognizing the **potential for growth driven by advanced computational capabilities** in vehicles.
* 📊 Qualcomm’s CEO expressed confidence in their trajectory since 2021, noting that the company is **diversifying its revenue streams** as **non-mobile revenues increase**.
* 🌐 With a total addressable market now up to **$900 million**, Qualcomm is optimistic about achieving **significant growth** in various sectors, including IoT and automotive.
* 📉 However, there are concerns regarding **cyclical risks** in the semiconductor industry, which could affect **demand for new devices and automotive technology**.
* 📱 The CEO highlighted that while smartphone growth is flattening, the **premium segment is thriving**, allowing for **double-digit growth in revenue**.
* 🇨🇳 Despite geopolitical tensions, Qualcomm remains positive about its business in China, believing that their **leading technology will continue to be in demand**.
* 💡 As the company prepares for future challenges, it maintains a clear strategy focused on **executing its growth plans** without the need for **significant acquisitions**.

Qualcomm Eyes $22 Billion Growth | Bloomberg Technology

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Qualcomm's Growth Strategy and Future Projections

Qualcomm aims for $22 billion in additional revenue by 2029, with $4 billion from IoT.

The company's diversification strategy focuses on automotive and other markets to drive higher multiples.

Revenue from non-mobile markets is expected to increase, leading to multiple expansion.

Downside risks include cyclical factors in the semiconductor industry and potential normalization of market conditions.

Qualcomm addresses concerns about the achievability of its IoT targets, emphasizing the diversification of its IoT revenue streams.

Geopolitical Factors and Qualcomm's China Business

Qualcomm expresses satisfaction with its China business despite geopolitical tensions.

The company addresses concerns about tariffs and procurement issues, emphasizing its position as a leading technology exporter to China.

Discussion on the technological race between the U.S. and China, focusing on large language models and regionalization of AI models.

Qualcomm's CEO clarifies the company's approach to M&A, emphasizing focus on executing its $22 billion revenue target.

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