Brian Modoff, executive vice president of Qualcomm strategy and corporate mergers and acquisitions, said in the speech that the Internet of things will become the second largest market opportunity for Qualcomm.
Modoff said "In the field of Internet of things, China is an important partner of Qualcomm. China is now investing heavily in the Internet of things, hence Qualcomm hopes to work with Chinese manufacturers and ecological chain partners to speed up innovation in the field of Internet of things and expand the application of the Internet of things. "
Qualcomm ventures began investing in Chinese companies since 2003, including nearly 40 investment companies in China. Since 2015, Qualcomm began to focus its investment on cutting-edge technology, such as Internet of things, AI, VR and other high technology.