Meng Pu, the Chairman of Qualcomm China, has 30 years of telecommunications experience. He gave a keynote speech at GMIC 2016 on Thursday morning on “the Future of Mobile”. Here are the biggest takeaways from his speech.
Meng: Mobile internet in China is accelerating at such a fast speed that 90% of Chinese netizens are surfing the internet through mobile phones, and in less than two years, there are already 400 million 4G users in China.
In the past 30 years in the history of the internet, terminals connected to the internet grew from no more than one billion globally in the first half to around five billion in the latter half. In the next 10 to 15 years, we believe that there will be at least 50 billion terminals connected to the internet across the world.
Qualcomm has played a very important part in the development of mobile internet. In the past 30 years, we have invested more than USD 40 billion in this sector. With the development of smart terminals, the semiconductor industry has created a large-scale System on Chip, which has given mobile internet great momentum, and also laid the foundation for the development of the Internet of Things.
Speaking of connectivity, we are heading into the era of 5G, barely after we started to use 4G. 5G doesn’t only mean a super-fast network speed, it also means the realization of many things, including autonomous driving, which requires low time-lag and high internet stability, and also the internet of everything.
Speaking of IoT, I think we can think of it as having three layers. First, any portable or wearable devices that we use; second, the devices in the environment around us, for instance, in our home and office; third, the internet of cities and the country.
We have been growing with smartphone manufacturer partners in China in the development of mobile internet, and we have also been supporting the development of the Chinese semiconductor industry as the largest semiconductor manufacturing and designing company. We announced before that we will inject USD 150 million in China as venture capital. For instance, we cooperated with Shanghai-based semiconductor foundry SMIC to manufacture our processors in China. We also founded a new company together with Huawei and SMIC to develop 14-nanometer technology. In January, we set up a joint-venture semiconductor company with the local government of Guizhou province.
AllChinaTech has a media partnership with GMIC. AllChinaTech is a startup media platform dedicated to providing timely news and analysis on the Chinese tech industry in English.
(Top photo by Flickr user Kārlis Dambrāns)