Qualcomm builds innovation center

US chip giant Qualcomm Inc has set up an innovation center in Shenzhen, southern Guangdong province, in a move to deepen its business in the Chinese market by taking advantage of the country's innovation drive.

It is the first innovation center the company has set up in the country.

The innovation center will provide technological support to Chinese enterprises with a focus on the internet of things, which the company believes will be a promising sector that will see explosive growth.