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Why PM Narendra Modi’s meeting with semiconductor firm Qualcomm’s CEO Cristiano E Amon is pivotal for India, India News News

As India pushes for secure 5G technology and amid a global semiconductor shortage, Prime Minister Narendra Modi’s one-on-one meeting with Cristiano E Amon, the president and CEO of semiconductor manufacturer Qualcomm, is of immense significance.

In addition to Qualcomm, Prime Minister Modi also met CEOs of Adobe, First Solar, General Atomics and Blackstone on Thursday (September 23) during his visit to the United States.

The official address of the Prime Minister’s office also tweeted that Prime Minister Modi has highlighted the tremendous economic opportunities India has to offer and that Amon is “excited to work with India” in areas such as 5G and other Digital India efforts.

Qualcomm CEO ‘proud’ of partnership with India

Sources said Amon was excited to partner with India on ambitious digital transformation programs including 5G, PM WANI and others. He also expressed interest in collaborating with India to work in the semiconductor field.

“We are so proud of our partnership (with India),” Amon said in the video posted by PMO after his meeting with the Prime Minister.

“We talked about 5G and the celebration of 5G. We talked about an incredible opportunity to advance the industry not only in India, but also in India as an export of technology,” he said in response to a question.

“We talked about semiconductors, which is an important topic of conversation. And we talked about the opportunity to continue to build an incredible mobile ecosystem that is developing in India. We are very happy with the talks and we are very, very very happy with everything we are doing with India,” he said.

IN PHOTOS | UNGA: PM Modi arrives in US, busy days ahead

In response to a question, Amon said Qualcomm would continue to invest in India and that India could be a major destination for the semiconductor industry, subject to infrastructure availability.

India, he said, is a great place for investors not only to invest directly, but also to support other companies. For example, Qualcomm has an India design program that helps various startup companies in India.

Amon said Qualcomm has been very successful so far with all the investments made in India and the Prime Minister’s approach to boost economic growth by making India an “investment destination” has been very successful. “We welcome that,” he said.

A message from the Indian Ministry of Foreign Affairs said they were discussing “investment opportunities in the Indian telecommunications and electronics sector”.

This included the recently launched Production Linked Incentive Scheme for Electronics System Design and Manufacturing, as well as developments in the semiconductor supply chain in India. Strategies to build the local innovation ecosystem in India were also discussed.

What is Qualcomm?

Qualcomm is an American multinational corporation headquartered in San Diego, California. Founded in Delaware, it creates semiconductors, software and services related to wireless technology.

Qualcomm has been a global leader in innovation in 3G, 4G and next-generation wireless technology for more than 30 years and is now paving the way to 5G with a new era of intelligent products.

ALSO READ | CEOs heap praise on India as Prime Minister Narendra Modi meets with them in US

As India seeks a major investment from Qualcomm, discussions on strategies for building the local innovation ecosystem will be critical for India.

(With input from agencies)

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