India is a key chip design market, Qualcomm says, as Modi makes semiconductor push

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Qualcomm is already designing chips in India, Qualcomm India's president Savi Soin said in an exclusive interview.

"We have a lot of engineers here doing end-to-end chip design," said Qualcomm India's president Savi Soin in an exclusive interview.A worker inspects a circuit board for a smartphone at Dixon Technologies' Padget Electronics Pvt factory in Noida, Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Dixon boasts a market value of more than $2.5 billion and the capacity to produce about 50 million smartphones this year.

The American chip giant designs semiconductors and wireless telecommunications products. Qualcomm is best known for its Snapdragon processors which power some of the top Android smartphones across the world. The chip design process is "highly complex" as it requires "years of R&D, hundreds of millions of dollars of investment, and thousands of engineers," said

"We saw India 20 years ago as a great R&D center of excellence and a great pool of talent. We're seeing India as a great market, as great opportunity," Soin told CNBC's Sri Jegarajah.

 

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