Qualcomm Inc on Tuesday mentioned it’s placing 5G know-how into chips for smartphones that may promote for as little as $300 and that may come to market within the second half of this yr.
San Diego-based Qualcomm is the largest provider of processors for smartphones and the modem chips that join the telephones to wi-fi knowledge networks.
However Qualcomm has additionally been working to get the know-how into cheaper gadgets. The brand new chip, known as the Snapdragon 690, will go into gadgets that it expects to retail at $300 to $500, Qualcomm mentioned. Cellphone makers corresponding to HMD International, the proprietor of the Nokia telephone model, LG Electronics Inc and Lenovo Group Ltd’s Motorola plan to make use of the chips, Qualcomm mentioned.
The push into lower cost factors means greater volumes for Qualcomm. In response to knowledge from Counterpoint Analysis, smartphones with wholesales costs of $100 to $400, that are considerably decrease than the costs customers pay, made up about 50% of the general smartphone market within the first quarter of 2020.
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