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Qualcomm looking for Indian startups

Posted: 06 Jul 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Qualcomm? startup? acquisition? equity investment? Qualcomm Technologies & Ventures?

Qualcomm, which outsources services to several Indian software and hardware firms, is seeking a startup in India, either through acquisition or an equity investment by its Qualcomm Technologies & Ventures division.

Sanjay K. Jha, who headed the investment arm previously and is now president of Qualcomm CDMA Technologies, the IC and software sales arm, said, "We are definitely interested in acquisitions in India." Predicting that India is likely to have 3G services in the 18 months, he said India, China and the U.S. are the three fast growing markets for the company, where it is committed to invest.

On the tussle regarding royalties in India, Jha said Qualcomm will have to address whatever issues this market throws up, as "it is a large marketplace with large growth potential."

- K.C. Krishnadas
EE Times

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