When does Qualcomm expect to hit the $40 billion non-handset revenue target?

Qualcomm targets fiscal 2029 for the $40 billion（約6.4兆円） non-handset revenue goal, which includes $15 billion（約2.4兆円） from data center revenue and $10 billion（約1.6兆円） from automotive.

Why did Qualcomm acquire Modular?

The acquisition gives Qualcomm access to Modular's software platform that rivals Nvidia's CUDA, enabling users to develop AI programs and services that take full advantage of Qualcomm's chips.

Is Qualcomm planning to sell data center chips in China?

Yes—CEO Cristiano Amon stated that 'everything that we're building for the data center, you should assume that China is going to be a target market.' However, U.S. government policy on AI chip exports to China remains uncertain, and the Chinese government has not yet approved certain Nvidia processors for import.

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Qualcomm doubles its non-handset revenue target to $40 billion（約6.4兆円） by fiscal 2029, with $15 billion（約2.4兆円） expected from data center chips—betting it can compete in AI infrastructure dominated by Nvidia.

Yahoo Finance AI1d ago5 min read

Key takeaway

Qualcomm has doubled its revenue target for non-smartphone businesses to $40 billion（約6.4兆円） by fiscal 2029, with $15 billion（約2.4兆円） expected from data center processors—marking a major shift away from handsets and into AI infrastructure. The move reflects confidence that cloud and AI companies are actively seeking competition to Nvidia's dominant market position, and Qualcomm's acquisition of Modular gives it a software platform to rival Nvidia's CUDA to help customers build AI applications.

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3 Key Points

What happened
Qualcomm announced it raised its non-handset revenue target to $40 billion（約6.4兆円） by fiscal 2029, double its previous goal, with $15 billion（約2.4兆円） coming from new data center revenue. The company outlined plans for data center products including chips, servers, software, and custom processors. CEO Cristiano Amon also stated Qualcomm is targeting China as a market for its data center offerings.
Why it matters
Qualcomm is pivoting away from smartphones toward higher-margin data center and automotive markets as AI demand surges. The move signals the company believes cloud providers and AI companies are eager for alternatives to Nvidia's dominant position. Qualcomm also acquired Modular, an AI software company with a platform that rivals Nvidia's CUDA, to give customers tools to develop AI programs for its hardware.
What to watch
Qualcomm separately projects $10 billion（約1.6兆円） in automotive revenue by fiscal 2029. The company is also competing with Intel and AMD in PC chips. Regulatory uncertainty remains—the U.S. government has vacillated on AI chip sales to China, though the Trump administration recently signaled it will allow certain Nvidia processors, but the Chinese government has not approved them for import.

FAQ

When does Qualcomm expect to hit the $40 billion non-handset revenue target?: Qualcomm targets fiscal 2029 for the $40 billion（約6.4兆円） non-handset revenue goal, which includes $15 billion（約2.4兆円） from data center revenue and $10 billion（約1.6兆円） from automotive.
Why did Qualcomm acquire Modular?: The acquisition gives Qualcomm access to Modular's software platform that rivals Nvidia's CUDA, enabling users to develop AI programs and services that take full advantage of Qualcomm's chips.
Is Qualcomm planning to sell data center chips in China?: Yes—CEO Cristiano Amon stated that 'everything that we're building for the data center, you should assume that China is going to be a target market.' However, U.S. government policy on AI chip exports to China remains uncertain, and the Chinese government has not yet approved certain Nvidia processors for import.

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