Qualcomm to ride 3G wave for growth
By Wang Xing | China Daily | Updated: 2009-05-20 08:12
Global communication solutions provider Qualcomm expects the burgeoning demand for 3G services in China to act as the catalyst for its future growth and profits.
Qualcomm Chief Executive Officer Paul Jacobs told China Daily in an interview that he expects China to soon become the numero uno market in terms of revenue. "I think it is likely that China will soon overtake South Korea in terms of revenue," said Jacobs.
South Korea is now Qualcomm's largest market, accounting for 35 percent of the total revenue in September last year. China, boosted by domestic telecom manufacturers such as Huawei Technologies and ZTE Corp, contributed 21 percent.
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