Qualcomm an American multinational corporation, design intellectual property, semiconductors, software, and wireless technology services, launch 5G Technology into chips for high premium smartphones and this technology will enter into the market in the second half of this year.
The company’s 5G cellular telecommunications Technology is currently available in premium smartphones such as Samsung Electronics.
Qualcomm has also been working to get the technology into cheaper devices. The new chip, called the Snapdragon 690, will go into devices that it expects to retail at $300 to $500, Qualcomm said. Phone makers such as HMD Global, the owner of the Nokia phone brand, LG Electronics Inc and Lenovo Group Ltd’s Motorola plan to use the chips, Qualcomm said.
The push into lower price points means higher volumes for Qualcomm. According to data from Counterpoint Research, smartphones with wholesale prices of $100 to $400, which are somewhat lower than the prices consumers pay, made up about 50% of the overall smartphone market in the first quarter of 2020.
