Qualcomm(US:QCOM) Zhong Guo Jing Ying Bao·2025-09-27 08:10Core Insights - Qualcomm celebrates its 30 years in the Chinese market and emphasizes its commitment to long-term innovation and collaboration with local industry partners [1][2] - The company positions "on-device AI + connectivity" as a new strategic focus to accelerate AI deployment across various sectors in China [1][3] Group 1: Long-term Commitment and Industry Collaboration - Qualcomm's success in China is attributed to its adherence to the principle of "long-termism," which has fostered innovation and cooperation over the past 30 years [2] - The company has played a significant role in the development of China's mobile communication and internet sectors, achieving substantial growth in its business scale [2] - Qualcomm's partnerships with Chinese mobile ecosystem players have strengthened, leading to notable advancements in technology from 3G to 5G [2][3] Group 2: AI Strategy and Market Potential - Qualcomm identifies on-device AI as a core component of its strategy in China, leveraging the country's complete electronic manufacturing system and rapid market iteration capabilities [3][4] - The "AI Acceleration Program" launched at the summit aims to collaborate with major telecom operators and AI companies to advance personal, physical, and industrial AI applications [3][4] - The Chinese AI industry is experiencing rapid growth, with over 5,000 AI companies projected by 2024 and a large market potential for AI applications [4][5] Group 3: Future Growth Areas - Qualcomm sees significant growth potential in robotics and smart glasses, predicting their application scale could rival or exceed that of smartphones [6] - The company has established a competitive edge in the smart glasses market, with many XR glasses utilizing Qualcomm chips [6] - Qualcomm is exploring customized solutions for robotics, addressing the current lack of dedicated chips in the field [6][7] Group 4: Business Focus and Market Position - Despite expanding into automotive, XR, and IoT sectors, Qualcomm maintains that serving smartphone customers remains its core business, accounting for 70%-75% of its revenue [7] - The company emphasizes its role as an enabler rather than a direct competitor in the application space, focusing on providing foundational infrastructure and tools [7] - Qualcomm aims to create new value through continuous innovation and collaboration rather than merely consolidating existing advantages in the market [7]