Qualcomm sets $15bn non-handset revenue target for 2029

Qualcomm said on June 9, 2025 that it is entering the data centre processor market and targeting $15 billion in annual non-handset revenue by 2029.

TL;DR

• Qualcomm announced a new data centre CPU line on June 9, 2025.
• Qualcomm said it acquired Modular as part of its AI and data centre push.
• Qualcomm also announced a deal with Meta and set a $15 billion annual non-handset revenue target for 2029.

Qualcomm used its June 9, 2025 investor event to outline a broader expansion beyond smartphones. The company said it is moving into data centre processors with a new server CPU line and tied that move to rising demand for artificial intelligence infrastructure.

Qualcomm said it acquired Modular, a company focused on AI software and tooling. Qualcomm also announced an agreement with Meta. The article describes both moves as part of Qualcomm's strategy to increase its exposure to AI-related data centre demand.

Qualcomm said it aims to reach $15 billion in annual non-handset revenue by 2029. That target covers business lines outside its core handset segment and places the new data centre effort within a wider diversification plan.

Related questions

• What data centre products did Qualcomm announce on June 9, 2025?
• What company did Qualcomm acquire as part of its AI strategy?
• What non-handset revenue target did Qualcomm set for 2029?