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Qualcomm establishes Chinese globalization office

Apr. 27, 2015 3:06 AM ETQUALCOMM Incorporated (QCOM) StockQCOMBy: Yoel Minkoff, SA News Editor
  • As the country looks to reduce its reliance on foreign technology, Qualcomm (NASDAQ:QCOM) has launched a division to help Chinese smartphone makers sell units overseas, looking to build stronger relationships following its record $975M antitrust fine.
  • Qualcomm, which draws about half of its revenue from customers in China, established an office in Shenzhen last quarter to assist both small and large Chinese handset manufacturers build global businesses.

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