Qualcomm has revealed its plans for worldwide dominance of the IoT market.  

The US chipmaker, best known for its mobile and smartphone hardware, has released more details on its IoT strategy, which it expects to be a major money-spinner.  

Qualcomm CEO Steve Mollenkopf said that the company expects revenues from its IoT business to top $1bn this year as it enjoys double-digit growth in the sector - representing around a fifth of its non-mobile turnover.  

The company added that Qualcomm chips can be found in more than 200 wearable devices and 1,300 different wireless headsets, earbuds and wireless speakers on sale todat across the world.