Qualcomm commits millions to Chinese venture

fund
Qualcomm has committed up to $150 million in funding for Chinese
startup companies in the mobile technology R&D feld.
nnounced on !hursday" the #$%based chip ma&er said the strategic '
enture fund (ill further the de'elopment of mobile technology related
to the )eb" e%commerce" semiconductors" education and health.
!he most recent in'estments ha'e been made in Chinese mobile educ
ation startup Cambridge )o(o and mobile healthcare frm *oohee.
!he chip ma&er has been in'esting in Chinese companies for o'er 10 y
ears" and some pre'ious successful in'estments ha'e been made in co
mpanies including +norbus %% ac,uired by )alt Disney Co. %% icent" !h
undersoft and Dolphin *ro(ser. -o(e'er" Qualcomm says that it sees
China as a .strong player in the semiconductor industry". and (ishes t
o increase in'estment in this area in particular
/ur strategic collaboration (ith and technical support of the Chines
e (ireless industry has helped this 'ibrant ecosystem" helped dri'e dir
ect and indirect employment" and contributed to economic gro(th in t
he entire Chinese (ireless industry.
!hrough these strategic collaborations and increased 'enture in'estm
ents" Qualcomm remains committed to supporting the continuous gro
(th of China0s 1ourishing mobile ecosystem" the de'elopment of 23 4
!+ net(or&s" de'ices and applications" and addressing industry e'olut
ions and challenges" including the impending 10005 mobile data chall
enge..
Qualcomm 6entures (as launched in 7000 and currently has a portfoli
o of more than 100 companies and 70 in'estment managers across the
globe. Qualcomm 6entures also in'ests in seed stage companies throu
gh the Q8ri9e :obile ;nternet $tartup Competition
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