Qualcomm, a chipmaker headquartered in the US, is making bold moves in the Indian market. The company intends to unveil a new chipset that will facilitate the release of an affordable 5G smartphone, priced below $99, by the end of this calendar year, said the report.
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The facility in Chennai, which will focus on research in areas that complement wi-fi technologies, is expected to generate jobs for up to 1,600 professionals
Qualcomm: "Tata has been a partner for us for a long period of time, and as they start to embark on a new journey on the semiconductor manufacturing side from packaging perspective, that is clearly something that we would love to find a way to use that capacity," Palkiwala said.