US company Qualcomm in talks with Adani over 5G, chips – Times of India

CHENNAI: US semiconductor major Qualcomm is holding discussions with Adani group in 5G, broadband and semiconductor sectors.
Qualcomm president and CEO Cristiano Amon told reporters in Chennai on Thursday that they were excited about the digital transformation happening in India. “We have been working in the telecom sector in partnership with companies such as Jio and Airtel in 5G and opportunities in broadband. We have been working with Tata and Mahindra in the automotive sector. As we continue to expand into industrial, you will see that it is natural that we will have opportunities also with the Adani Group. There are a couple topics… One, of course, is the evolution of 5G and broadband. The other is semiconductors,” he said.
Responding to a query on whether major announcements are expected over recent discussions with the Adani group, he said, “We are not making any announcements, but we are very very encouraged about the partnerships and discussions.”
Amon said Qualcomm has made an investment of more than $1 billion in India. “Outside our headquarters of San Diego in the US, India is the largest R&D site. Investments that are happening in India are very significant excess of $1 billion. It is a significant investment that we have made,” he said.