Qualcomm aims to diversify revenue base amid muted global smartphone growth

New Delhi: Chipmaker Qualcomm is actively pursuing a strategy of revenue diversification, aiming to shift away from catering predominantly to the smartphone industry into new categories, as global smartphone shipment growth remains muted, a top senior executive told ET.

Currently, around 70% of Qualcomm’s revenues come from the mobile segment. The company aims to reduce this to 50% by 2029, said Alex Katouzian, Group General Manager, Mobile, Compute, & XR (MCX), Qualcomm.