Qualcomm to partner with Tencent on mobile gaming
 
China Knowledge Online
Aug 01, 2019
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Aug 01, 2019 (China Knowledge) - Qualcomm (QCOM) signed an agreement with China's Tencent Holdings (00700) to work on mobile gaming devices that will use Qualcomm's Snapdragon chips. The US company said that their cooperation will include the development of augmented reality and virtual reality technology.

Tencent’s WeChat’s social media service boasts more than 1 billion users across China. A third of the company's revenue comes from online gaming. Qualcomm expects its partnership with Tencent will strengthen the firm’s technology in the world’s biggest market for mobile gaming.

Qualcomm, the largest maker of processors that power smartphones, looks to solidify its position as the leading provider of hardware for the 5G cellular services in the future. The company said that the faster data speeds and the response of 5G networks could bring about more realistic and vivid effects of mobile games. It aims to accelerate the development of 5G technology and increasing its mobile phone sales.

Despite the tension of the China-US trade war, Qualcomm is now showing its regards for Chinese markets by cooperating with Tencent openly. “Both parties aim to develop popular, high-quality games that can be experienced by consumers across a variety of Snapdragon platforms and devices,” said Qualcomm.

 
 
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