Qualcomm $200M ‘Ecosystem Fund’ to Funnel Investments in 5G Startups
Qualcomm will invest a total of $200 million globally through an “ecosystem fund” in companies building out the 5G infrastructure, it said Thursday. The investments will prioritize startups “developing new and innovative 5G use cases, driving 5G network transformation and…
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expanding 5G into enterprise markets,” said Qualcomm. “This fund is designed to help accelerate 5G innovation beyond the smartphone and drive 5G adoption.” The fund’s “intent” is to “fuel innovative 5G businesses” that can exploit the global 5G market opportunity worth $13.2 trillion by 2035, said CEO Steve Mollenkopf.