Qualcomm ramps up IoT business in Brazil

Qualcomm is placing its bets in the development of the local Internet of Things (IoT) ecosystem, with two noteworthy announcements. The company has signed an agreement with the government of the Brazilian state of São Paulo to implement a factory under a joint venture with Taiwanese company USI focused on production of processors geared at IoT applications. Best known for its dominance of the mobile chip market, Qualcomm is increasingly turning its attention to other mobile services and products using tech developed at its Israel facilities. According to Qualcomm, the idea is to start manufacturing activities in 2020. The factory will be located in the technology hub of Campinas.