Qualcomm Inc. said in a statement on Friday that it would install 5G chipsets in smartphones in the mid-price range from next year. Currently, the fifth-generation chips are available in high-end smartphones like Galaxy S10 5G model, costing $1,299.
The chipmaker is already selling its product to smartphone manufacturers like Samsung Electronics Co Ltd for 5G wireless data networks. Chipmakers claim that this network has a greater speed than the existing LTE and 4G networks. However, the current supplies to phone makers are quite expensive.
Qualcomm said in a statement that it is developing 5G chips that can be installed in less expensive Snapdragon 6 and 7 series smartphones. This way, customers will be able to experience the 5G network at a lower price. It is likely that these 5G devices will be flagship products priced at a premium. The relatively less expensive Snapdragon 6 and 7 series chips from Qualcomm are used in a variety of smartphones produced by Motorola, Oppo, Vivo, Xiaomi and Lenovo.
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The San Diego based chipmaker entered the 5G chip market early on but is expected to encounter increasing competition. Analysts expect consumers to buy upgrades and get the market moving after it suffered stagnation.
Huawei Technologies has also developed its own 5G chipset named Kirin 990, which will be part of its upcoming high-end smartphone Mate 30. However, the success of the phone relies on whether it will be able to use Google’s Android operating system since the Chinese tech giant has been put on a trade blacklist by the US administration.
Other competitors of Qualcomm’s 5G chipset include MediaTek Inc. which is based in Taiwan. However, the world’s biggest supplier of phone chips hopes that its compatibility with carrier networks will bolster its competitiveness.
Samsung on Thursday said that its Galaxy A90 smartphone in Europe will now use Qualcomm’s chip. Earlier, the phone was powered by Samsung’s own chip.