FILE PHOTO: Qualcomm and 5G logos are seen on the Cellular World Congress in Barcelona, Spain, Feb. 26, 2019. REUTERS/Sergio Perez
(Reuters) – Qualcomm Inc on Tuesday stated it’s placing 5G expertise into chips for smartphones that may promote for as little as $300 and that may come to market within the second half of this yr.
San Diego-based Qualcomm is the largest provider of processors for smartphones and the modem chips that join the telephones to wi-fi knowledge networks.
The corporate’s chips that includes fifth-generation (5G) mobile telecommunications expertise are at the moment in lots of premium-priced smartphones reminiscent of Samsung Electronics Co Ltd’s Galaxy gadgets.
However Qualcomm has additionally been working to get the expertise into cheaper gadgets. The brand new chip, referred to as the Snapdragon 690, will go into gadgets that it expects to retail at $300 to $500, Qualcomm stated. Cellphone makers reminiscent of HMD International, the proprietor of the Nokia telephone model, LG Electronics Inc and Lenovo Group Ltd’s Motorola plan to make use of the chips, Qualcomm stated.
The push into cheaper price factors means increased volumes for Qualcomm. Based on knowledge from Counterpoint Analysis, smartphones with wholesales costs of $100 to $400, that are considerably decrease than the costs shoppers pay, made up about 50% of the general smartphone market within the first quarter of 2020.
Reporting by Stephen Nellis in San Francisco; Modifying by Christopher Cushing
— to uk.reuters.com