US firm Qualcomm in talks with Adani over 5G, chips – Occasions of India

CHENNAI: US semiconductor main Qualcomm is holding discussions with Adani group in 5G, broadband and semiconductor sectors.
Qualcomm president and CEO Cristiano Amon instructed reporters in Chennai on Thursday that they had been excited in regards to the digital transformation occurring in India. “We now have been working within the telecom sector in partnership with firms comparable to Jio and Airtel in 5G and alternatives in broadband. We now have been working with Tata and Mahindra within the automotive sector. As we proceed to develop into industrial, you will note that it’s pure that we are going to have alternatives additionally with the Adani Group. There are a pair matters… One, in fact, is the evolution of 5G and broadband. The opposite is semiconductors,” he mentioned.
Responding to a question on whether or not main bulletins are anticipated over current discussions with the Adani group, he mentioned, “We don’t make any bulletins, however we’re very very inspired in regards to the partnerships and discussions.”
Amon mentioned Qualcomm has made an funding of greater than $1 billion in India. “Outdoors our headquarters of San Diego within the US, India is the biggest R&D website. Investments which might be occurring in India are very vital extra of $1 billion. It’s a vital funding that we’ve made,” he mentioned.