Qualcomm Opens Research and Development Center in Shanghai
Enhancing Local R&D Capabilities and Addressing China’s Market Potential
SHANGHAI - Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced the opening of a new, multi-million dollar R&D Center in Shanghai. The new R&D center is part of Qualcomm’s ongoing efforts to both utilize the growing pool of telecommunications engineering talent and enhance local R&D capabilities for the increasingly important wireless communications market in China.
The new R&D center in Shanghai will focus on advancing chipset solutions to better address China’s increasing need for high quality and affordable 3G handsets with customized features and time-to-market advantages. The Shanghai center is the second research and development facility of Qualcomm in China. Qualcomm entered the China market in the late 1990s and already has an established CDMA R&D center in Beijing, in addition to branch offices in Shanghai and Shenzhen.
“We are very excited about the expansion of Qualcomm’s research and development activities in China, including the establishment of the new R&D center in Shanghai, which will enable our partners to bring a greater breadth and depth of 3G devices at a faster pace to one of the world’s most rapidly expanding mobile market,” said Steve Mollenkopf, executive vice president of Qualcomm and president of Qualcomm CDMA Technologies. “Qualcomm’s expanded presence in China is an example of our commitment to focusing our resources on supporting our customers as well as promoting wireless innovation efforts in China.”
“Shanghai has become one of the global epicenters for mobile system and handset design, making it the perfect choice for Qualcomm’s latest center for platform–level innovation,” said Xiang Wang, senior vice president of Qualcomm and president of Qualcomm Greater China. “We are confident that our R&D center in Shanghai will help drive continued innovation of 3G chipset solutions by leveraging the expertise of our local companies and the talent of exceptional employees.”
Qualcomm Incorporated (Nasdaq: QCOM) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2010 FORTUNE 500® company. For more information, please visit Qualcomm around the Web:
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