Qualcomm Makes New Call on China Smartphone Market With Low-End Chip JV. The leading chipset manufacturer, Qualcomm has ventured with China smartphone market for “JLQ Technology”. This joint venture will focus on the packaging, testing, design, customer support & sales of chips for the mid and low-range smartphones designed and sold into China. Some other renowned names in this partnership include Leadcore Technology (a Datang Telecom subsidiary), JAC Capital and Wise Road Capital.
Before this we have heard that Qualcomm and Datang to develop low-cost chips of $10 for entry level Smartphones. Keeping in view the rising percentage of smartphone penetration across the world finally Qualcomm has also ventured for low-cost chip-sets.
Qualcomm Makes New Call on China Smartphone Market With Low-End Chip JV
According to the contract, JLQ will be registered in Guizhou Province of China and it is expected to be completed at the end of 2017.
Qualcomm said that:
“will combine Qualcomm’s advanced technology, scale, and product portfolio with Leadcore’s accomplished R&D capability as well as deep relationships in China”.
Whereas, the chairman of Qualcomm China, Frank Meng said that:
“Qualcomm has been a leading technology innovator in mobile for more than 30 years and we assume that this joint venture will develop chipsets to serve the 4G smartphone ecosystem in China.”