Qualcomm is aiming to become a big player in personal-computer chips, setting a target of $4 billion of revenue from that business in about five years' time. Qualcomm’s chips for laptops—a market where it competes with Intel and Apple—launched this summer.

Qualcomm said on Tuesday that it expects $22 billion in combined revenue over the next five years from laptops, cars and other products outside its current stronghold in smartphones, a sharp growth from the latest fiscal year.

As per Qualcomm's new five-year financial projections for 2029, $8 billion will be generated from automotive revenues, $4 billion from industrial chips, and $2 billion from headset-related chips.