Qualcomm has declared its intent to grow its non-smartphone revenues to $22 billion by 2029, in a diversification strategy announced at its investor day. The company is pointing to a total addressable market (TAM) of $900 billion for its edgy wares, with this TAM accounting for 50 billion devices shipped through the period. Of the total target, the IoT is the largest segment. Qualcomm plans to hit $14 billion in annual revenue by 2029. Of this, however, PCs are included, with a revenue target of $4 billion. The Industrial subsegment is also at a $4 billion target, with extended reality (XR) on $2 billion. This means that most of the classic IoT applications are lumped under the ‘Rest of IoT’…