Qualcomm set for battle over electronic chips
Updated: 2013-01-16 10:20
By Gao Yuan (China Daily)
|
||||||||
Qualcomm Inc, the world's most valued semiconductor company, is preparing for more intense competition in China in 2013 as the country becomes the world's largest smartphone market, company Chairman and CEO Paul Jacobs said on Tuesday.
He added that Intel Corp "has potential to be a big competitor" in the long run, but it will have a limited effect on Qualcomm's business this year.
Chinese customers have the most diversified requirements for smartphones in areas such as online entertainment and social networking, according to the CEO.
|
The biggest challenge for Qualcomm is to continue to bring down the cost of making chips while increasing new features to meet the diversified needs of Chinese customers, he said.
China became Qualcomm's largest market in terms of revenue in fiscal year 2011. The market contributed more than one-third of the company's revenues.
The research company International Data Corp predicted that the shipment of smartphones in China could hit 300 million in 2013, an increase of 44 percent year-on-year. It added that the total number of smartphone users in China may reach 500 million.
Qualcomm said it had shipped about 500 million mobile chips in 2012, but did not disclose sales in the Chinese market.
Local smartphone makers, including ZTE Corp, Lenovo Group and Huawei Technologies Co, are rolling out devices using chips made by the US company.
"China's smartphone market grew significantly in volume in 2012 and it will directly benefit Qualcomm, which owns a large customer base in the country," according to Nicole Peng, research director at IT research company Canalys China. She added China is expected to contribute higher revenues for Qualcomm.
Latest news on smartphones
Baidu nets France Telecom smartphone browser deal
Huawei launches world's biggest smartphone
Lenovo seeks top smartphone spot
Apple's iPhone 5 China sales top 2m
ZTE launches slimmest quad-core smartphone
Xiaomi aims to double sales next year
Previous reports on Qualcomm Inc
Mobile phone focus on rural eye care
From being an enemy to being a partner
Qualcomm looks beyond cell phones
Emerging markets' 3G rush drives Qualcomm growth
Qualcomm to ride 3G wave for growth
China's biggest cell phone maker partners Qualcomm
- Li Na on Time cover, makes influential 100 list
- FBI releases photos of 2 Boston bombings suspects
- World's wackiest hairstyles
- Sandstorms strike Northwest China
- Never-seen photos of Madonna on display
- H7N9 outbreak linked to waterfowl migration
- Dozens feared dead in Texas plant blast
- Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
TCM - Keeping healthy in Chinese way |
Poultry industry under pressure |
Today's Top News
Boston bombing suspect reported cornered on boat
7.0-magnitude quake hits Sichuan
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
Beyond Yao
|
Money power |