CHINA TOPIX

Qualcomm, China's Guizhou Province Unveil Joint Venture Worth $280 Million

Alexis Villarias   |

Jan 20, 2016 08:24 AM EST

Qualcomm Inc has formed a strategic business alliance with the Chinese government in a bid to establish its long-term commitment to the country. The chipmaker has pledged to invest $280 million in a joint venture with the government of Guizhou province to produce server chips for the domestic market.