Qualcomm Inc, the world’s No. 1 mobile phone chipmaker, declared that India is a rapidly growing market, adding that it is collaborating with Taiwanese firms to pursue growth opportunities in Taiwan.
Qualcomm Technologies Inc president of Asia-Pacific and India Jim Cathey opined that India is fast-growing and they have already read public documents on India and how it is growing in terms of the population and their earnings and spending capability.
Qualcomm Technologies is a wholly-owned chip designing arm of the San Diego-based chip manufacturer.
Cathey further mentioned that like most developing nations, India faces the challenge of building sound infrastructure to support electronics designing and manufacturing capabilities.
Seeing a developing nation move up the food chain as it develops its infrastructures benefits Taiwan.India also needs help on system level designing, engineering and software development, he said.
Qualcomm recognizes the growth opportunity and formulates solutions to cater to market needs.
By Baishakhi Dutta
