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 expects $8 billion in automotive chip revenue and $4 billion in PC chip sales by fiscal 2029, it said at an investor event held in New York on Tuesday. San Diego, California-based Qualcomm is the world's top supplier of mobile phone chips that connect handsets to mobile data networks.

Qualcomm said on Tuesday that it expects its push into new markets to generate an additional $22 billion per year by 2029.