Qualcomm, still known for its chips manufacturing business for the smartphones and tablets.Due to the heavy restrictions on the Chinese companies by the U.S, Qualcomm is feeling to produce some heavy shots in the country.As a survey conducted on September 29th, Qualcomm reported $1 billion of sales in the country.
The Chinese biggest firms i.e. Huawei and ZTE were reported to have been used for spying the U.S. government.Keeping up the track, we all know that both the firms are mainly known for its manufacturing of networking equipments, which the U.S. government stated to be used for spying purpose.Both the firms are themselves smartphones manufacturers, with Huawei, who also produces its own processors.ZTE, who's also a Qualcomm customer will use the SnapDragon in its upcoming High-end device ZTE Nubia Z5s.
By having a prior knowledge of the Chinese market and after gaining some importance and market shares, Jacob, the Qualcomm CEO, is seeing its better future in Chinese market as well.As China is turning to LTE 4G service, the top three carriers of China, is offering its customers LTE service.But this may take some time, as they all are waiting for the government to issue a proper license.
"We(Qualcomm) can gain significant share of the Chinese market.Hopefully in short, medium and long terms that things will move forward with the way that they have and with the market really driving things"-Paul Jacobs, Qualcomm CEO