Qualcomm China’s Investment to Continuously Expand; New Gadgets Set to Create Huge Demands
Jenia Cane | | Mar 13, 2016 11:31 PM EDT |
(Photo : (Photo by ChinaFotoPress/ChinaFotoPress via Getty Images))
Qualcomm China is expected to continuously expand in the country as it is set to talk with its Chinese partners relative to grabbing every opportunity that it has not taken advantage of yet.
Qualcomm, an American semiconductor company, has been known to having maintained operations in different countries.
Like Us on Facebook
In an interview with China Daily, Qualcomm China chairperson Frank Meng revealed that with the advent of Internet of Things, which will see the inter-connectivity among various things like gadgets and vehicles via the internet, the company is committed to towards pouring in more investments.
"Well, 'keep investing in China' has been a major strategy for us," the 56-year-old executive stated. "Qualcomm will work with its Chinese partners to seize opportunities that do not even exist today."
Furthermore, Meng disclosed that the country is bound to experience the "next big thing" considering its apparent advancement in information technology industry.
"New gadgets such as drones and inter-connected smart home devices are set to create exciting demand just as smartphones did a few years ago," Meng said.
The Qualcomm China's leader continued by saying that innovations in consumer electronics in the country will propel growth especially that its tech industry is showing preparedness for the "China-centric" and "China-first" opportunities.
"About 30 years ago, Japan used to lead growth of camera and other consumer electronics because of its huge domestic demand," Meng pointed out. "China is at a similar flashpoint now."
"The market cannot just wait for technology breakthroughs imported by overseas companies," the business executive of Qualcomm China explained. "Instead, local players are coming up with gigantic amount of ideas that suit Chinese customers' requirement."
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?