[TechCrunch Beijing]IOT, Qualcomm’s Next Opportunity in China?

Qualcomm Technologies is working with some Chinese local companies on solutions for the Internet of Things, according to Rob Chandhok, president of Qualcomm Interactive Platforms and SVP of Qualcomm Technologies took the stage at TechCrunch China/TechNode conference. Mr. Chandhok is responsible for Qualcomm strategies on the Internet of Everything, wearable computing and augmented reality.

China is one of the most important markets for Qualcomm now. 49% of its total revenue in the fiscal year ending September 2013 was from China. Apart from smartphones consumed by Chinese, a larger percentage of made-in-China smartphones with Qualcomm chipsets embedded in are exported.

But the rollout of LTE, or 4G which is expected to be the next major revenue source for Qualcomm in China, wasn’t so fast as Qualcomm expected, according to its CEO Steve Mollenkopf during the company’s Q2 earnings call earlier this year. 

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