The 10th Caixin Summit 2019 was held in Beijing from November 7-10. ‘This year is the year of 5G, and 5G has multiple applications, but this year the biggest 5G app for the world is smartphones, ‘ says Meng, chairman of Qualcomm China. When it comes to competition in the chip space, Mr Meng says the word that is often used in the industry is competition, and we and Huawei are competing. That’s also the word Qualcomm often uses when it comes to Huawei. Qualcomm President Christiano Amon has previously used the position of “the two companies have been competing” when talking about Huawei, a Chinese company.
Mr Meng says one of the important relationships brought about by globalisation in the past has been not to turn purely competitive relationships into competing relationships, especially in the chip industry. Qualcomm and Huawei are competing, he said, and Huawei is also developing chips for mobile phones, and although Huawei’s chips are available for their own mobile phone applications, qualcomm is providing them to others, after all, everyone is doing the same thing, so there is a competitive relationship. In addition, Huawei is one of Qualcomm’s largest partners in China, and Qualcomm provides Huawei with chips to complement other product lines.
Meng said that such a competitive relationship will continue for a long time, as long as there is a competitive relationship, we will invest more resources to promote industrial progress.