QUALCOMM Incorporated (QCOM) Signs Deal with Tata Electronics to Produce Automotive Modules in India

QUALCOMM Incorporated (NASDAQ:QCOM) is 1 of the 12 Cheap Technology Stocks to Invest In According to Hedge Funds.

On February 20, QUALCOMM Incorporated (NASDAQ:QCOM) signed a woody with Tata Electronics to nutrient Qualcomm Automotive Modules successful India.

Tata Electronics volition negociate manufacturing astatine its caller semiconductor assembly and trial facility, nether improvement successful Jagiroad, Assam. This concern is acceptable to code the rising request for automotive integer platforms from home and planetary automakers. Qualcomm Technologies volition integrate its web of planetary module suppliers with Tata and enactment the ‘Make successful India’ programme done section production. Tata volition prosecute successful technologies specified arsenic integer cockpits, infotainment systems, connectivity solutions, and intelligent conveyance infrastructure.

The statement with Tata follows Qualcomm’s announcement of an concern of astir $150 cardinal successful India to enactment its rapidly increasing exertion and AI startup ecosystem. On February 18, QUALCOMM Incorporated announced that it plans to put successful India done Qualcomm Ventures and volition put successful startups with a absorption connected AI for automotive, IoT, robotics, and mobile. This improvement aligns with Qualcomm’s enactment successful advancing borderline AI astatine a planetary scale. Qualcomm CEO Cristiano Amon said:

Through our caller Strategic AI Venture Fund, Qualcomm is investing successful companies that are advancing the adjacent section of AI successful India. AI is entering a caller signifier wherever quality is built straight into devices and systems radical beryllium connected each day, from smartphones and PCs to cars, concern machines, robots, and more, delivering richer and much meaningful experiences.

QUALCOMM Incorporated (NASDAQ:QCOM) is focused connected the improvement and commercialization of foundational technologies for the wireless industry. The institution operates done 3 segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI).

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