Import fair bolsters high-tech innovation

A1 The CIIE is an important platform for international exchanges and cooperation and a great opportunity to further communicate with more industries in China. Qualcomm has participated as an exhibitor five times in a row, which has strengthened in-depth interactions with the government, industry and customers, and demonstrated the achievements and advantages of industrial chain cooperation in globalization.

In 2022, Qualcomm's participation shows its confidence in the long-term sustainability of the Chinese market and its determination to work with Chinese partners to develop domestic and international markets and drive win-win development in the era of intelligent connectivity.

A2 While the COVID-19 pandemic has caused uncertainties in the global economy, the importance of connectivity like 5G has become abundantly clear. With the development of 5G and AI, the metaverse will blur the lines between the physical and digital worlds and usher in a new era of highly immersive, customizable digital experiences. This will fuel the emergence of exciting new-use cases and opportunities for consumers and enterprises.

A3 The rapid growth of 5G and the success of mobile technology have been broadly enabled by globally standardized technologies. To unlock the growth potential of 5G, Qualcomm and China's industry partners have launched the 5G Pioneer Initiative and 5G IoT Innovation Initiative. These efforts have also promoted related solutions in global markets including Europe, North America and Southeast Asia, and propelled innovation and development of the global digital economy.

A4 In China, the digital economy has already been explored to a deeper and broader level and has become a key driver in promoting consumption upgrades, stabilizing economic growth and driving high-quality economic development. We believe that these key technologies, like 5G, AI and cloud computing, will not only increase productivity, but also enable Chinese partners to sharpen their competitive edge. We are now more than ever confident that there is an even broader space for cooperation between Qualcomm and China's industry partners.

A5 China has shown its determination to steadfastly pursue a higher-level opening-up and enhance mutually beneficial cooperation with other countries to achieve win-win outcomes for all. These past few years, Qualcomm has benefited from China's opening-up policy and optimized its business environment and economic development. Moving forward, we will continue to partner with industry partners to fuel the high-quality and sustainable development of China's economy.