Qualcomm says it's here to stay in China

US chip giant says Guizhou joint venture will be massive growth engine

Derek Aberle, president of Qualcomm Inc, said on Wednesday the mobile chip giant is dedicated to long-term investments in China to expand its server chip business, as the country's Internet Plus initiative is fueling an explosive growth of internet data centers.

Aberle's comments came as the US company unveiled a new investment arm, Qualcomm (China) Holding Co Ltd, in Guiyang, capital of Guizhou province, to better tap into opportunities in areas such as the internet of things.