Qualcomm Merging With Jio, Qualcomm, a chipmaker headquartered in the US, is highly rumored in the market that Qualcomm is merging with Jio to launch a new 5 G-enabled Jio phone in India. The officials claim that this smartphone will be one of the cheapest and budget-friendly 5G smartphones presented to Indian audiences. This 5 G-enabled smartphone will cost Indian audiences under ₹10000, which is even less than $99 it is said that this budget-friendly mobile phone will be made available by the end of this year.
Chris Patrick, general manager of Qualcomm, stated that the collaboration wants to give consumers a full 5G experience with the new chipset in an affordable price range.
The initiative is to transform the 4G users into 5G completely, Qualcomm is taking a bold move in the Indian Market, It intends to Launch this brand new 5G mobile phone with a new chipset.
It is customized with a low-cost processor using SA-2Rx capability, This announcement was made in August 2022 during the 45th general meeting of reliance industries. The official claims that this partnership is intended for global welfare and development and is not just limited to India.
Even though the product will be available to customers at a low and budget-friendly price the cost incurred for setting up the whole production unit for 177 crore in Chennai
Qualcomm is known as a world leader in wireless technologies they claim that they can help in the digital transformation of India with India’s youngest but largest telecom firm jio, Qualcomm now a 0.15% equity stakeholder on the Jio Platform.
CEO of Qualcomm “Steve Mollenkopf” said that not only in India but 5G is expected to transform every industry in coming years.
To date only a few countries including the US, South Korea, Australia, Switzerland, and Germany are capable of providing 1 Gbps speed for 5G customers, Through this collaboration it seems that By 2024 India will be included in one of these countries. In this initiative and venture, Jio has raised about ₹1,52,056 from 13 investors including Jio, Facebook, Silver Lake, Vista Equity Partner, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, Public Investment fund of Saudi Arabia, intel capital and Qualcomm venture.
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