Qualcomm to invest in Indian startups

US based Qualcomm is planning to invest in indian startups and has already made the first direct equity investment in India is in Tessolve Services Pvt Ltd, a provider of solutions and platforms for semiconductor testing, packaging, qualification and failure analysis.

“..would be investing in Indian start-up Companies offering innovative technologies and services that enhance wireless communications and semiconductor ecosystems.

Qualcomm’s investment will be in Companies that can serve the mobile and semiconductor ecosystems in the country. Mobile application/ platform software developers, semiconductor components, devices and service platforms, and network infrastructure providers are amongst the segments the company will focus its investment in. ” – FE

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