Head Of Qualcomm China Discusses Plans To Grow In Competitive World
Chairman of Qualcomm China has deliberated upon the plans of Qualcomm's Chinese division to step up investments for growth.
Qualcomm China intends to grow rapidly. If 70% of the smartphones sold across the globe were manufactured in China, then a lot of its credit must go to the Chinese division of the American chipmaker. Thanking its famous processors like Snapdragon, the Californian organization grew as the largest chip supplier of the world to smartphone manufacturers.
56 years old, Frank Meng who is serving as Qualcomm China’s Chairman is not an official who will be satisfied with the company’s achievements in the past. While talking to China Daily, Mr. Meng said the chip manufacturer would increase its investments in the country. Nation entering the era of Internet of Things will find a huge number of machineries, furniture, appliances, computers, vehicles and gadgets inter-connected in real time through the web.
This indicates the company’s interest in manufacturing super-efficient chips for servers, besides the IoT, and new automobiles such as drones. Meng told that his huge experience in Chinese IT industry has helped him to instinctively guess the potential of upcoming thing.
Meng is amazed that the technology industry of China is prepared for the new times, which will be dominated by "China-first" and “China centric” opportunities. According to him, growth would be driven by the local innovations in the consumer electronics industry.
The Chairman loved to compare the current market conditions with the ones that existed in previous times. After all, the trends of tomorrow are unveiled by previous experiences, he stated. As far as innovation is concerned, the company has always been continuing to keep pace with Chinese technology companies, Meng said.
R&D team is set up by Qualcomm in the country to provide support to its customers. In its first stint starting from 2003 and ending in 2010, he worked as the President of Qualcomm China, and led the organization into huge agreements with Chinese hardware makers.
During that stint, the company turned into a huge CDMA chipset supplier, a popular 3G technology used in the country. The chipmaker provided a product portfolio wider than that of its Taiwanese rivals, such as MediaTek.
This offer helped Chinese smartphone makers in increasing their sales by many times over past decade, as the demand for 4G and 3G soared.
The company reinforced its commitment to the market in China by pledging a venture investment fund worth $150 million to support China startups in sectors like e-commerce, internet, health, semi-conductors, etc.
